Savings account where deposits, withdrawals, and interest credited are recorded as computer entries. The customer receives a periodic statement of account, showing deposits, withdrawals, and interest earned up to the posting date, but does not receive a passbook evidencing ownership of the account.
Statement Savings Account
| Banking Dictionary: Statement Savings Account |
| 5min Related Video: Statement Savings Account |
Learn More
 | Passbook (in banking) |
| Money Market Certificate (MMC) (in banking) |
| Statement (in banking) |
Help us answer these
 | Do you recieve a statement with a money market savings account? |
| What is the advantages of the savings passbook or statement account? |
| How can find statement in bank for saving account? |
Post a question - any question - to the WikiAnswers community:
Copyrights:
 |
 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
Related answers
- What is a savings account?
- What is saving accounts?
- What is current accounts savings account?
- How do you know my statement of account?
ADVERTISEMENT
Answer these
- What is statement savings account?
- Can you provide my saving account statement?
- Savings Bank Account No4711 account statement from 1995?
Mentioned in
- Passbook (in banking)
- Money Market Certificate (MMC) (in banking)
- Statement (in banking)
- Combined Statement (in banking)
- Savings Account (in banking)
- Account (in banking)
