About Internet Bank Accounts

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Internet bank accounts eliminate physical bank branches and conduct all communications and transactions over the Internet. Accrue higher interest rates on Internet bank accounts with information from a Web designer and computer specialist in this free video on Internet banking.

Part of the Video Series: Internet & Computer Tips
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Video Transcript

Hi I'm Noah, and today we're going to learn about Internet bank accounts. Now this is an innovative way of banking, which basically involves using only on-line communication and eliminates having a bank physical branch close to your home and having actual employees which you sit with face-to-face. The advantage for you is you can often earn an increased interest rates on the saving you put into these types of accounts. One thing to keep in mind is it shouldn't be confused with on-line banking, which is simply being able to log into your account on-line and view information on it and do a few transactions which you can now do with any bank account at any bank. On-line bank accounts are specific bank accounts with hire interest rates where there is no physical branch for your account and all the information and communication is conducted simply by the website or by telephone for customer service.

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