Yes they do.
"As far as I can tell, second chance checking does not offer any savings accounts. They strictly provide checking accounts to individuals with less that perfect credit histories."
Most large banks today offer mortgage savings accounts. HomeBuyer is one such bank. Other banks, such as Bank of America, Chase, and CitiBank offer mortgage savings accounts too.
Savings accounts earn interest.
Most checking accounts have no fees. Savings account has more fees than checking accounts because of the higher interest yields available in a savings account.
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.
savings accounts are not subject to the Fed's reserve requirements because savings accounts are not as liquid as checking accounts.
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
Savings accounts for banking and financial companies are a cheap source of funds. Companies pay interest on Savings accounts at a lower rate compared to term deposits and hence is a cheap source funds.
Savings and loan associations (S&Ls) are one of four types of "banks" which offer a range of financial services, including checking accounts, savings, accounts, home mortgage loans, credit cards, and other consumer loans.
Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.
HSBC savings accounts are competitive with savings accounts at other banks. HSBC offers other services such as retirement planning, CDs, checking accounts and credit cards.