Women have a notoriously tougher time when it comes to financial issues like earning and saving money, prompting leaders in the banking industry to focus on the unique financial needs of women. Top online personal finance resource, www.GoBankingRates.com, investigates the best banks for women and names the top institutions with superb women-specific banking services.
EL SEGUNDO, CA (March 11, 2013) – Even though it's 2013, women are often still considered second-class citizens in terms of financial issues. Personal finance site, GoBankingRates.com, recently investigates how the banking industry is addressing this problem and identifies the best banks for women.
Last summer, the Washington Post reported that for every dollar men earn, full-time working women earn an average of just 77 cents, resulting in a lifetime wage gap of $431,000. On the other hand, women are faced with the hurdle of having to save for an extra six years of retirement as opposed to men, due to their longer life expectancy, according to women's personal finance site, LearnVest.com.
There is a clear and strong need for more financial support for women, and GoBankingRates finds that there are institutions worldwide that recognize this need and have developed programs and services to address it.
Go Banking Rates managing editor, Casey Bond, explains, "When it comes to financial issues, it may be more difficult for women to get the assistance they need — but that’s not to say it doesn’t exist."
She adds, "Like every other challenge women face, it’s up to us to seek out help, take advantage of the resources that exist and empower ourselves to take full control of our financial lives."
Click here to see today's best banks for women.
For questions about this report or to schedule an interview with a Go Banking Rates editor, please use the contact information below.
About Go Banking Rates
GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.