Arlington, VA - December 15, 2004
-- The Better Business Bureau System and Capital One Financial
today released its second set of consumer education topics as part of the BBBTipsTM
financial education series. The newly-introduced BBBTipsTM on Saving and Investing
offers savings tips and strategies designed to help consumers make smart financial choices and provides practical information consumers can use to save and grow their money to meet both near and long term needs.
"In the New Year, many consumers will resolve to set aside more money for major purchases, unexpected expenses or long-term financial goals, but will lack information on how to get started and where and what to invest," said Ken Hunter, president and CEO of the Council of Better Business Bureaus. "We've developed these tips to provide pointers on the basics of saving money and to help consumers choose savings and investment tools that will meet their personal financial needs."
The new BBBTipsTM offer saving and investing advice, including:
- Who, What, When and Why of Savings - Information and tips that cover the basics of saving, including the importance of saving and establishing financial goals, tools and products consumers can use to begin a savings plan, and simple tips to stay on track with the plan.
- Savings Accounts and Investment Vehicles - Information about the various types of savings options available to consumers; guidelines to consider when choosing savings accounts; and a summary of various types of savings and investment products, including individual retirement accounts (IRAs), money market accounts, stocks, bonds and more.
- Savings Protection Information and Other Savings Resources - Important tips regarding protection against fraud, as well as a list of savings and investment resources small business owners can use to make informed financial decisions.
"Many people miss out on opportunities to maximize their investments," said Diana Don Colby, Director of Financial Education at Capital One. "The BBB Saving and Investing tips are designed to help consumers take the first step toward making their money work for them by guiding them through the basics of saving, investing and giving them a better understanding of the tools available to help them meet -- and maybe even exceed -- their savings goals."
The Capital One-sponsored BBBTipsTM on Saving and Investing are free and available online at http://www.bbb.org/tips/capitalone.
About Capital One
Capital One Financial Corporation (http://www.capitalone.com), a Fortune 500 company headquartered in McLean, Va., is a financial services company that offers customized financial products and services to meet individual consumers' needs. Capital One, one of the largest providers of MasterCard and Visa credit cards in the world, also provides auto and other motor vehicle financing products, savings vehicles and a host of other financial services, with more than 47 million managed accounts. Additional information about Capital One High-Yield Savings accounts, CDs and Money Market products are available at http://www.capitalone.com.
BBBTips™ is a trademark of the Council of Better Business Bureaus, Inc. (CBBB) that is used to identify consumer information articles and brochures that have been developed in partnership with the Better Business Bureau Consumer Education Foundation, Inc. (BBBCEF). BBBTips™ are made possible, in part, through the generous financial and technical support that is provided by corporate sponsors who are members of the CBBB and of the local BBB where the corporate sponsor is headquartered. BBBTips™ are designed to provide unbiased and factual information to assist consumers in making informed and intelligent purchase decisions. By policy, the CBBB, BBBCEF, and local BBBs do not endorse, recommend, or approve any individual product, service, or company; and provide their consumer information services solely to assist consumers in exercising their own judgment. Inquiries about BBBTips™ Consumer Information may be directed to: firstname.lastname@example.org.