answersLogoWhite

0


Best Answer

Sure. Anyone or any organization can have a Savings account. A savings account is one of the most basic types of accounts which is open for everyone. In this type of account, the account holder (Individual or business or corporation) stores up money for their future use and there is no restriction on who can open such an account.

User Avatar

Wiki User

โˆ™ 2013-11-23 05:38:37
This answer is:
User Avatar
Study guides

Economics

20 cards

How long does it take for a check to clear

Are chemicals safe

How could the federal reserve encourage banks to lend out more of their reserves

What is M2 today

โžก๏ธ
See all cards
4.14
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
57 Reviews

Add your answer:

Earn +20 pts
Q: Can a corporation have a savings account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which of the following devices imparts ownership in a corporation Stock Bond Savings account US Treasury Bill?

Stock imparts ownership in a corporation.


Money you deposit into savings account could be insured by the federal deposit insurance corporation up to what amount?

$250.00


Money you deposit into a savings account could be insured by the federal deposit insurance corporation up to what amount?

$250.00


What is insured savings?

Deposits in a savings account in a federally recognized banking institution are insured by the F.D.I.C. (Federal Deposit Insurance Corporation). Piggy banks hidden in a closet do not count. :-)


Can you change a savings account to joint account?

You may be able to add someone to your savings account ..contact the bank where you have the savings account for details


What is a compound interest savings account?

Its where your savings account earns interest on the interest.


Is there a monthly service charge to have an Eggs Savings account?

No, the Egg savings account called "Egg Savings Account (internet) Issue 2" does not have a monthly service charge. This type of savings account is accessible online.


What makes a savings account a better investment than a checkings account?

A savings account earns interest.


What makes a savings than a checking account account a better investment?

A savings account earns interest.


What's one difference between a checking account and a savings account?

savings account earns interest.


What makes a savings account a better investment than a checking account?

A savings account earns interest.


What does a CD savings account do for me?

A CD savings account might earn money for you. This type of savings account earns interest for the person who purchases the CD.

People also asked

Can one of the joint account holder freeze the account if so the other joint holder can not access the account?

View results

What is opening balance control account?

View results