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Whether it is for a dream vacation, a car, or your family's future needs, saving requires focus and consistency. In our fast-paced world of constantly shifting trends, sticking to a plan can sometimes be tough. Liv Digital Bank’s Goal Account can prove to be a powerful tool in helping you efficiently reach your financial aspirations.
What is a Goal Account?
The Goal Account provides a unique solution to tackling the main problem of a traditional savings account - making timely manual deposits. By automating transfers towards your set financial objectives, it ensures you stay disciplined in achieving your goals.
Here’s how this innovative bank account can help reshape your financial journey:
Customize Goals
With Liv Bank’s Goal Account, you’re in complete control of your financial destiny. Save for big purchases or emergencies by customizing goals based on your financial capacity.
Automated Savings
One of the standout features of the Goal Account is its automation capability. You can set up recurring transfers from your main Liv account to your individual goals. This not only eliminates the hassle of manual transfers but also ensures consistent progress towards your objectives.
Real-Time Tracking
Keeping an eye on your progress is crucial for staying motivated. This unique shows your progress in real time, keeping you informed about your goal achievements. This transparency offers a sense of accomplishment and helps you make necessary adjustments if needed.
Flexibility
Life is full of surprises, and financial goals may need tweaks along the way. Adjust your goals, amounts, and deadlines as needed with this account's 6 flexible rules, adapting to your changing situation.
Lucrative
Unlike traditional savings accounts, the Liv Digital Bank’s Goal Account offers a higher interest rate of 4% interest per annum. This means that while you’re working towards your goals, your money is also growing, helping you reach your targets faster.
Financial Discipline
The Goal Account promotes disciplined savings by ring-fencing funds for specific purposes. This reduces the temptation to dip into your savings for unrelated expenses, fostering responsible financial behaviour.
No Hidden Fees
Transparent banking is essential for a successful financial journey. Liv Bank's Goal Account come at zero cost, ensuring your money goes solely towards your goals.
Convenience
With just your Liv Bank app, you can manage your Goals anytime and from anywhere. Monitor your progress, adjust, and celebrate milestones with just a few taps.
How to Make the Most of Your Goal Accounts?
Using a strategic approach can help you maximize the benefits from this unique account:
- Set clear goals - Define your goals clearly and specifically.
- Prioritize - If you have multiple goals, prioritize them based on urgency and significance. This will help you allocate funds more effectively and work towards your goals in a balanced manner.
- Select a savings rule that suits you – Set up regular deductions that match your income schedule without stressing your daily finances.
- Review and adjust - Life is dynamic, and so are your financial circumstances. Regularly review your goals and make adjustments if and when necessary.
- Celebrate milestones - Achieving a financial milestone is kind of a big deal. Celebrate them to maintain your motivation and sense of accomplishment.
- Stay disciplined - Avoid the temptation to withdraw from your Goal Account for non-essential expenses. Remember, the more disciplined you are, the faster you’ll achieve your financial dreams.
So, seize control of your financial future now. Open a savings account with Liv Digital Bank to start your journey towards financial security and prosperity. To know more about our other such innovative products visit our website.
