answersLogoWhite

0

Does a past savings account still remain?

Updated: 8/16/2019
User Avatar

Wiki User

15y ago

Best Answer

If you opened a savings account in the past and never did anything with it, yes it would still remain opened and active

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Does a past savings account still remain?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a delinquent account?

A delinquent account is any account that has a past due balance. It will remain in delinquent status until the account has a zero balance.


What is the past tense from verb remain?

"Remained" is the past tense of "remain".


What does it mean if your husband still talks with with all of his ex's?

It means he is still living in the past, or that he likes to remain on good terms with everyone from his past, or that he still holds hopes of getting back together with one or more of them.


Is remain a past present or future tense?

Remain is present tense. The past tense is remained, and the future tense is will remain.


Choosing the Right Savings Account?

When making the decision to open a savings account, there are many considerations a savvy consumer must keep in mind. By carelessly opening a savings account, a consumer risks throwing himself or herself into an account that may cost them money in the long run. In addition, it may difficult to close a particular savings account depending upon the bank. A person also does not want to choose the wrong savings account and then later have to close it. Sometimes, closing a savings account can reflect very poorly on a credit report. This is every consumer's worst nightmare, so it is important to research thoroughly and avoid making this mistake that other consumers have made in the past. First, it is important to consider the interest rate of a savings account. If one is new to the process of opening a savings account, it is important to understand that savings accounts actually pay consumers to keep their money locked up in the account. A consumer can make various amounts of money each month due to the interest rate of a savings account. This interest rate is referred to as an annual percentage yield (APY). Various banks have various annual percentage yields, so it is important to shop around and find the banks with the most solid interest rates. The higher the interest rate, the more money a person will make on the money he or she keeps locked up in a savings account. Another consideration to make is how easy it will be to access one's money in a savings account. Unfortunately, sometimes it can be very difficult to withdraw money from a savings account once a person has deposited it. Sometimes banks require that a person keep a minimum amount of money in a savings account at all times. This means that a person will have to always have a certain amount of money in the savings account and will never be able to spend that money. Other times, a person will have to go through a lengthy process to withdraw money. Or, sometimes a bank will take a long time to get the money to a consumer. Sometimes, it can take days for a person to receive money withdrawn from a savings account. Overall, opening a savings account is not a difficult process. However, one must do the necessary research to be fully aware of the process and understand the benefits of different accounts.


Past tense of account?

Past tense of account is accounted


Is it possible to get a bank account if you have poor credit?

Yes it is possible to get a bank account if you have poor credit. Most banks do not check your credit in order to open an account. However, if you have had delinquent bank accounts in the past, your name may come up in the "Chex" system, which might present a problem. Generally savings accounts are easier to get than checking accounts, but even with horrible credit, you can usually still get some kind of checking account.


Finding a High Interest Savings Account?

A high interest savings account can be of interest for many people. Students may wish to earn a little bit of income from interest, as opposed to taking a part-time job during the school year. Investors may wish to yield a large profit from a high interest savings account. Families may wish to build an emergency nest egg from the interest gained from a savings account. The only problem is that finding a high interest savings account is difficult these days.Finding a high interest savings account is difficult, because savings accounts follow the interest rate set forth by the Federal Funds Rate. In the past few years, the Federal Funds Rate has been exceedingly low. Major banks offer savings accounts with an annual interest rate of 0.0035% or 0.0025%.To earn the best return on your hard earned income, you will want to look online for high yielding savings accounts. There are some popular websites that allow you to compare multiple savings accounts at once. You should not be lured into picking the high interest savings account with the highest interest rate. Instead, you should carefully consider all of the factors affecting a savings account to make the best choice possible.When considering which savings account to choose, you should be mindful of any extra fees associated with the account. You may be required to pay a fee to open the account at a particular bank. In addition, some banks require a minimum opening deposit and monthly balance. If you can not meet the minimum monthly balance every month, then a bank may charge you additional fees to the savings account. You should also be mindful of any limits on withdrawals that can be taken from savings accounts. If you are going to need to constantly withdraw large sums of money from a savings account, then you need to make sure a bank will allow this.You may also want to see if you can link a savings account to other accounts. By linking accounts, you can easily transfer funds from a checking account to a savings account. In addition, you may be able to take cash out of an ATM with linked accounts.Lastly, you need to make sure a bank offering high interest savings accounts is FDIC-insured. God forbid another form of the Great Depression occurs, you need to make sure your money is safe with a particular bank. Otherwise, you will lose all of your savings.


What is the past participle of remain?

The past participle is remained.


What is the past tense of remain?

The past tense is remained.


What is an account of past events?

An account of past events is a history of something.


Use I remain in a past tense sentence?

The past tense of remain is remained.I remained quiet all the time