If you have provided for your country with military service, you deserve to catch a few breaks in life. It is only right that companies that thrive in our company return the favor by giving military members a discount. If you are active or retired military and looking for ways to cut costs on your banking needs, don’t hesitate to look into the military discounts that many banks offer! With military discounts, you are able to cut costs on putting aside and managing your money, which can cost you an arm and a leg at times. Accounts have a number of fees and charges when people sign up for accounts, or use credit cards. As a military member, you have access to a number of potential discounts if you inquire about them. Make sure that you get in touch with a bank near you when you want to learn about their discounts. You owe it to yourself to save some money on your banking, due to the services that you have provided for your country. When this is what you are looking for, get in touch with a bank that can help you out in this regard!
Most people look into a handful of options whenever they open a bank account. The most common forms of banking are standard checking and savings account. A checking account is one that you can spend out of, either through the use of checks, cash from bank withdrawals or debit transactions, the use of a debit card or a check card and electronic transfers. These are the most common accounts used by people throughout the nation. Savings accounts allow people to put aside money for a variety of situations, so that you are able to have money for emergency situations, monetary goals and a number of other circumstances. These standard savings accounts tend to have low interests rates and are the entry level account for people looking to save. These accounts are beneficial to people who need quick access to their accounts, because they are entirely liquid.
A certificate of deposit is a type of account that allows you to hold your money in the account over a fixed period of time, as short as one week and upwards of 10 years, in order to allow your money to compound with a fixed interest rate. These accounts bear money greater interest than standard savings accounts, but are not as quickly or easily accessed when you need money now.
Money market accounts are savings accounts for serious investors. These accounts bear the highest interest rates, but also bear more risk. When you need to make your money grow for retirement, stability or long-term investment goals, money markets are the way to go.
No matter what type of account you are looking for, the bank has got you covered! Some banks even offer special perks for military members, such as cash back on credit transactions. These little perks and discount rates are the least that the bank can do for your service to our nation. When signing up for certain accounts, there are typically minimum entry balances that must be adhered. Some banks will waive this minimums, or allow them to be lower, so that military members can open accounts. Whether you are a casual bank customer in need of a place to store your money, or someone looking for long term investments that will help you meet all of your financial goals, there are plenty of banks around that can help you take advantage of the multitude of services that they provide.
Regardless of your banking needs, make sure to mention your military service, so that your bank can let you know what they can do for you. This is a win for all parties involved, and will allow the economy and nation as a whole to continuously thrive. This way, it all comes full circle.