Welcome to Savings Guide
Savings Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
World Savings – The Basics
from:Introduction
World Savings is one of the largest and most reputed financial companies in the United States. The organization recently became a part of Wachovia, which is the fourth-largest bank holding company in the United States; along with being a Fortune 500 Company being traded in the New York Stock Exchange.
World Savings and Wachovia had a major merger recently in order to be able to provide additional products and services to its customer base. As a part of the merger, all World Savings accounts have now been transferred to Wachovia and customers continue to enjoy the same services and benefits.
Provisions and Features
As a part of Wachovia, the World Savings unit offers a vast range of services and features ranging from retirement benefits to saving schemes and many more.
To begin with, the unit offers comprehensive retirement savings plans, where complete guidance is given and plans are offered to help you save for your retirement, at the same time, helping your money grow as well. The vast host of facilities offered include the likes of savings accounts, money market account, CDs and IRAs and lots more.
Moving on, to encourage and promote savings from a larger section of customers, the World Savings unit of Wachovia offers premium savings plan that offer attractive interest rates and allied schemes to attract investors. On the other hand, the likes of a high performance money market account lets you earn a competitive rate of interest, at the same allowing you complete and convenient access to your money, unlike the simple savings accounts offered by many of the banks.
In addition to all of the above, the World Savings unit also offers certificates of deposits, largely enhancing your portfolio. Such plans offer a guaranteed rate of interest along with the flexibility to choose a term that fits your investment needs. Another attractive facility offered by the unit is the Health Savings Account that lets the customers save without incurring any taxes, covering qualified medical expenses. However, such plans are only available if the customer participates in a high deductible health plan.
Some individuals even prefer to invest in the Individual Retirement Account CDs (CD IRAs) which offers predictable interest earnings, stable principal and knowing exactly what will be the earnings.
Apart from the above wide range of features, the World Savings unit of Wachovia also offers helpful tools such as a savings comparison chart and comprehensive set of pointers to help in deciding on the optimum saving plan for maximum benefit of the customers involved.
1
Savings Specific links
Savings News
UPDATE 1- Cattles to slash 20 pct of workforce - Reuters
To cut total of 1000 jobs, close Hull operations * Reduce volume of new lending in 2009 by 75 pct * Statement on funding, banking licence seen end of Q1 * Shares drop as much as 10 pct (Adds detail, share price, analyst comment) LONDON, Jan 7 ...
Read more...Kaupthing to sue UK Government over administration row - Herald
Kaupthing, the Icelandic state-run bank, will sue the British Government for its decision to force the bank's UK subsidiary into a form of bankruptcy, the Icelandic prime minister's office said yesterday. The committee appointed to run Kaupthing ...
Read more...PSC Approves Energy-Saving Plan Save Email Print - WTOK-TV
The Alabama Public Service Commission has approved a plan for Alabama Power Co. to offer a $20 annual discount to customers who agree to let their home air conditioning be cut off for brief periods on hot summer weekdays. Alabama Power would install ...
Read more...Chile inflation slows as prices plunge in December - WTOP Radio
SANTIAGO, Chile (AP) - Chilean inflation dipped to 7.1 percent last year as the slowing world economy brought the country's biggest one-month price decline in 42 years in December, the government said Tuesday. Inflation slowed from 7.8 percent in ...
Read more...Cattles to cut 1000 jobs as part of cost savings - Forbes
LONDON, Jan 7 (Reuters) - British subprime lender Cattles said on Wednesday that it will cut 1000 jobs, lower its costs and preserve capital as uncertainity over its funding situation continues. The company said it will close its operations in Hull ...
Read more...