0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why open an savings account?
A savings account is a good place to keep money safe for future needs.
How can one open an ING savings account?
One can open an ING savings account by going to the official ING Direct website. From there one simply needs to click on the 'Savings' link and then select 'Apply'.
How much money do you need to open a savings account with citibank?
At Citibank, a customer needs to only supply $100 to open a savings account with and they don't even need to have a preexisting checking account with the bank.
Where can interest rate savings be made?
One will find that interest rate savings can be made through one's local bank or credit union. One just needs to save money in a savings account, and/or in a money market account.
How does a person go about setting up a savings account?
To set up a savings account a person needs to decide what bank they want to have the account set up at. Once the person knows which bank they want to use they must then go to that bank.
What is required to open an interest savings account?
To open a regular interest savings account one needs some proof of identity and small amount of money to deposit, usually as little as $1 to $25. Nearly all major banks offer savings accounts.
Is a bank account a personal account?
Yes, a bank account is considered a personal account. It is owned and operated by an individual for their own personal financial transactions and savings.
Can Savings account froze and wages garnished is that legal?
If there is a garnishment that has been filed with the court, it is legal to have wages garnished up to 25% of the net amount. A savings account can also be attached but again, needs to go through a court of law.
What is a Healt Saving Account?
A health savings account is a federally-sponsored account where you can set aside money to cover health expenses. This has major tax advantages compared to just saving money in general. A health savings account is an account that you can put money into on a pre-tax basis. That money is then used for approved health needs, such as prescriptions and doctor's co-payments.
What is the best bank to open a child's savings account with?
The best bank depends on the terms and conditions of the account including the fees and interest rates. You need to make sure that the bank is convenient for you to get to. Based on the age of your child, your account needs will have different requirements. For savings account for a baby, you may only deposit gifts of money. For an older child, you may want to put money in and take it out to buy a toy. For savings account for a teenager you may want the ability to link it to a checking account.
What are some good childrens savings accounts?
Often, parents open a children's savings account at their local bank. Since the parents already use the bank, the bank's policies are already familiar to the parents; therefore, parents generally feel more comfortable opening their child's account at the same bank. However, another good option for parents is the Capital One 360 Kid's Savings Account. With only a $25 minimum to open an account, this children's savings account offers parents an affordable solution to their children's banking needs.
How much money do you need to open a bank account with union bank?
It depends on the type of account you open with them. For ex:Multi Gains Savings account needs a Rs. 25000 minimum balanceNo Frills Savings account - Rs. 25 but the total deposits in one year into the account cannot exceed one lakhThe minimum deposit would vary from one account type to another. If you visit their branch they can tell you exactly how much is required depending on the type of account you choose.
