Checking and savings accounts: The better ways to stash your cash

Do you keep your money stashed in a shoebox, hidden beneath your mattress or in a piggy bank? As odd as this question may sound, some people don't keep their money in a savings or checking account.

If you're one of these individuals, you shouldn't deprive yourself of the benefits of safeguarding your funds in a bank any longer. Here are some advantages of becoming a banking customer:

Unfortunately, you're not the only person who would like to spend your bankroll, and some people are willing to break into your home to get it. If you store all of your money in an old coffee can, mason jar or other container, a thief could easily walk away with all of your funds.

As a banking customer, no one can access your funds without the proper account information and identification. Plus, if your money is stolen from your account due to theft or fraudulent activity, it is insured up to a certain amount by the Federal Deposit Insurance Corporation.

If safety isn't enough to get you into one of our branches, consider how much simpler it is to have accounts. It's not safe or easy to carry around large amounts of money, but sometimes you have big purchases and bills. Rather than carrying cash, you can conveniently swipe a Landmark Visa® debit card for large amounts.

Additionally, you can access your money from anywhere you can find an ATM. We've all had times where we've gone out with a set budget to only exceed it. With a checking account, you don't have to go all the way to your house to get more money.

Another convenience is direct deposit of your paychecks. Firstly, your money is automatically deposited into your account. Secondly, you no longer have to pay the high fees of check cashing services to get your hard-earned income. The same is true if you need to make bill payments.

Financial responsibility
Bank accounts are a large part of properly managing your money and preparing for the future. If you start a savings account, you can set aside money for a large purchase down the road. In addition to earning interest on your deposits, you can set up automatic transfers from your checking account for hassle-free savings habits.

With all these and other benefits available to you, now is the time to grab your stash of cash - and any change hiding in your couches - and head over to your local branch to open a checking and savings account.

For more information about smart ways to manage your finances, contact Landmark Bank.

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