Savings & Banking at Barker Insurance Services
Checking and savings accounts, money market accounts and certificates of deposit (CDs) play a major role in helping you manage your money. You can use these financial tools to simplify your everyday financial tasks, save for a college education, put away money for your retirement or build a rainy day fund. Allstate Bank savings and banking products offer competitive interest rates and convenient services to align with your specific needs-all from a company whose brand and reputation is associated with strength, stability and integrity.
Products Available:
- Certificates Of Deposit (CDs): This savings tool requires that you deposit your money for a term ranging from 30 days to five years. In return, you're
paid interest. After your one-time initial minimum deposit, you'll begin earning interest- and typically the longer the term, the higher the interest rate. Keep in mind that once your term begins, you cannot withdraw your money without paying an early withdrawal penalty.
- Money Market Accounts: This savings tool offers interest rates typically higher than regular savings accounts and is based on the amount in your account. The opening deposit is generally higher than a savings account. The larger your balance, the higher your interest rate. Most money market accounts
allow limited check writing, direct deposit and wire transfers. Maintenance fees may be waived if you maintain a certain balance.
- Savings Accounts: This savings tool allows a convenient way to accumulate the money you need to help meet your financial goals. Savings accounts earn interest at a set rate, usually compounded daily. Features such as direct deposit, wire transfers and 24 hour account access via phone, Internet and ATM are also available. There are usually no account fees when your balance stays above a certain minimum.
- Checking Accounts: These accounts offer an easy way to pay bills and
manage your finances. Unlimited check writing and withdrawals with 24 hour account access via phone, Internet and ATMs are standard features of most checking accounts. Direct deposit, wire transfer, online bill payment and overdraft protection options are also usually available. Some checking accounts pay you interest, and others waive maintenance fees, if you maintain a minimum balance or are over 65 years old.
To find out more about Savings and Banking, or to schedule an appointment, call Barker Insurance Services today!
Please visit my Allstate Agency Web Site to get more information on the Allstate products and services I can offer.