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What are the reasons that people use savings accounts these days? Is it to establish a rainy day fund, to save up to buy a house, or maybe saving money for your child’s college fund? The main purpose of a savings account is to put your money away in a risk-free account and have it earn interest and grow.

So which savings account is right for you? The main things to look at when reviewing savings accounts are the fees and interest rates. The goal is to spend the least amount of money in fees and still earn the most interest possible. Just because a bank is offering the highest interest rate doesn’t mean it is the best choice. They could have upfront and hidden fess that can eat away at the interest you are earning.

There are an endless number of savings accounts to choose from today. Eve

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With health care costs increasing every year, an entrepreneur reader emailed me to ask about the Health Spending Account (HSA).  The HSA is basically a registered account with a CCPC that allows an employee of that company to receive tax free health benefits.  In addition to the tax free benefit to employees, the company funds the HSA with pre-tax dollars, which means there is 0% tax paid overall on the health benefit.

What are the Benefits

A funded HSA can be used by employees, their spouses and their dependents towards medical or dental expenses.  It can be used in conjunction with health insurance to cover the deductible or as a stand alone benefit.  Putting my employee hat on, I can see this as a real perk, especially since it’s a tax free benefit, in other words, free money!  In addition, if the health insurance plan is on the lighter side (ie. no orthode

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