Waht is often overlooked is the humble debit card. Most people use it as an ATM card only. but isntead of withdrawing a huge lumpsum for hosuehold expenses every month, people can save by using the debit card wherever possible instead. not only does one get to spread the expenses over a period of time but also earn higher bank interest - as savings bank account interest is calculated on avg. daily balance
RE:even debit cards are as useful
by Rakish Poulose on Apr 16, 2007 09:49 PM Permalink
Savings bank interest is not calculated on avg daily balance. And don't compare credit cards with debit cards, it like comparing apples with oranges - they are two different things!!!
RE:even debit cards are as useful
by Rothin Bose on Apr 18, 2007 12:05 PM Permalink
savings bank interest is calculated on minimum amount in your account in between 10th and the month end of every month.
