If you’re a committed traveler, then you know how expensive it can get. The cost of hotels, taxis, museums, guided tours, and all the fun stuff you like to do when you’re exploring the big wide world really adds up. So, it makes sense to put money aside for your adventures in traveler savings accounts. Traveler savings accounts are specially designed to appeal to travelers by offering mileage rewards with participating airlines, so that you can build up free miles.
Practically everyone loves to travel. Europe, Asia, South America, Africa – all have their special appeals and for many people traveling is a true passion. But as you know, traveling is also very expensive, and remains a dream for most people. If you open a traveler savings account, you can address the problem of the high cost of travel in different ways simultaneously. With a traveler savings account, you will be putting money aside to pay for your next big trip. At the same time, you will be rewarded for maintaining a minimum balance over a certain period of time with the gift of free miles offered by various airlines. One traveler savings account, offered by UFB Direct, is affiliated with American Airlines. Participants in the UFB Direct traveler savings account must maintain a minimum of $500 in their account for 3 months, at which point they will have earned 500 AAdvantage miles.
The annual percentage rates (APR) on your traveler savings account will vary, so be sure to shop around for the best that are out there. If you find a good one, you could be earning decent interest on your savings, which could even go toward your next plane ticket or a night or two in a fun hotel.
To learn more about traveler savings accounts, be sure to consult with a financial advisor.