Generally yes but remember that you are putting the money into THEIR account and they can spend the money that you deposited for any reason and you have no recourse because it is THEIR money.
True - If you keep depositing your monthly savings regularly into your savings account. False - If you don't deposit any money into your account. Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.
$250.00
Take the money, put it aside for you and wait for you to return and get it.
$250.00
You can put money into your savings account in a number of ways, some of them are: a. Walk into your bank, fill up a deposit slip and pay the money to the bank teller b. Walk into a nearby ATM, insert your ATM card and choose cash deposit as the option and deposit your money in the ATM c. Deposit a check into your account by using either option a or option b d. Get a funds transfer done from another account and have money deposited into your account
money in a savings account
Money in a savings account is an example of a time deposit.
In normal savings account, you deposit Indian money (rupee) and you can withdraw it in the same indian money. In nre account you can only deposit foreign currency and you withdraw indian currency. you cant deposit indian money in this account
True - If you keep depositing your monthly savings regularly into your savings account. False - If you don't deposit any money into your account. Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.
A Savings Account is a type of account that is designed to promote savings among the general public. You can deposit and withdraw money from this account but at the same time the bank offers you an interest on the money deposited into the account.
Business deposit accounts are also known as business savings account where one can deposit an amount of money as savings for one's business. Most savings accounts will also offer interest rates.
A deposit slip issued by your bank for depositing money or checks into your savings account.
$250.00
Take the money, put it aside for you and wait for you to return and get it.
Example sentence - My grandparents deposit money in my college savings account on my birthday.
$250.00
$250.00