Keeping saving accounts monitored

Monitoring your savings account is a lot like monitoring your checking account. You receive statements from the institution (bank, credit union, or savings and loan) that tell you your balance including accrued interest. Many institutions also have a telephone number — often toll-free — that allows you to access balance information by using your account number and your personal code number. In addition, more and more institutions have online banking that allows you to access your account information from your computer. Like savings accounts, you can access your money market account balance information either by reading the statements you regularly receive, by telephone, or via Internet connection to your account.