Different financial institutions have different limits here and hence you need to ask them personally or check their written brochures. (iii) Since these are savings accounts, you will need to keep some amount in the bank each month. This amount is called as minimum deposit. It acts as a kind of security for the bank as well as it helps you to really save that amount of money, adding more meaning to the concept of savings accounts. It was to London that the first American Secretary of the Treasury, Alexander Hamilton, turned when he wanted to begin development of economic power in the New World. Hamilton founded the New York Stock Exchange on Wall Street in the late 18th century where it was joined around fifty years later by what is now the American Stock Exchange. If you are finding that you have outstanding balances of two, three or more credit cards you will probably be well advised to look into taking out a debt consolidation loan. This will enable you to spread your borrowing over a fixed period of time. It will also ensure that you are paying a much, much lower rate of interest than you would be paying on your cards. First up, make sure you only tell them the truth. Do you know one of the biggest reasons why people get turned down for debt consolidation? Poor credit isn't the answer! It's because they lied on their application form. It's that simple. Think about it. If you were asked to help someone out would you trust them if they lied to you? They know having investments for a better future is a good idea but what they really want answered is "how do I start?". Investing like anything else is a skill which has to be learned and the good news is that there are plenty of opportunities to learn it. To begin with it's a good idea to have a plan. Most utility services, credit card payments and other payments can be done by direct money transfer from your online savings account to those services. You also have the option to set up auto-debit facilities for the same. If you think about it, the benefits of online savings accounts seem to go on and on.