SOURCE: Informa Research Services

Informa Research Services

February 28, 2011 18:12 ET

Make Every Week America Saves Week With Improved Savings Habits, Says Informa Research Services

CALABASAS, CA--(Marketwire - February 28, 2011) - Last week was America Saves Week and one of its main purposes was to get consumers to focus on their savings. No matter what income level consumers find themselves at, they should always find a way to fit a savings plan into their budget. Informa Research Services suggests consumers take advantage of online resources and automatic transfers to improve their current savings habits.

To begin with, consumers should have a dedicated savings account, no matter what amount they plan on saving. Consumers can use online rate tables to quickly compare and locate a good selection of savings accounts. These tables frequently feature promotional rates and consumers should not shy away from using these to accelerate their savings.

These promotional rates are a great way to earn maximum interest earnings despite interest rates being at historical lows. According to Informa Research Services, the national average rate on a 12 month certificate of deposit (at $25,000) is a low 0.63%. Nonetheless, promotional and teaser rates can dwarf core interest rates and consumers should use these to help their savings account grow.

In addition to finding the most competitive interest rate, making regular contributions to your savings will aid in successfully building your savings. The easiest way to facilitate regular contributions is to schedule automatic transfers from your checking to your savings account.

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About Informa Research Services, Inc. (www.informars.com)
Since 1983, Informa Research Services, Inc., has provided the financial industry's most extensive array of market research, mystery shop, and decision-support information.