i think they can
A savings account at a credit union is generally called a share account.
A savings account at a credit union is generally called a share account.
No! You must have a credit account!
You can open a savings account at any bank or credit union. There are online bank savings accounts, too.
no. You will hurt your credit when you close an open line of credit.
Share account
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
No. As long as you have money that can be deposited into the savings account, the bank cannot deny giving you a savings account. However, if you have a history of bad checks being issued, default on credit card payments etc the bank will not issue you any credit cards or check booklets.
The average rates for a regular savings account at Park Community Federal Credit Union is 0.11%. This information can be found on Park Community Federal Credit Union's website.
depends on your bank/credit union
No. If you personally close your bank accounts, it will not be reported to any of the credit reporting agencies. However, if your bank closes your savings account due to negative activity on the account, such as overdrafts, NSFs, etc.. they will be reported to CRAs.
They can - if a court orders that any savings you have is to be used to pay off your debts !