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A child savings account is a bank account that allows and teaches your child to save their money in a safe and responsible way, at a bank instead of somewhere at home where it can get lost.
Jacinthe Jakubowski
Wiki User
∙ 13y agoA savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account.
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How does a fatcat account work?
A Fat Cat Account is a bank savings account designed for children. The parents can open the Fat Cat account for the child, then help them learn about saving money and using a bank account.
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
How can your account in sbi?
saving account SBI ETAWAH branch mandi
What is free checking accounts?
My saving account
Difference between current account and call deposit account?
A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.
What are the types of bank accounts in Pakistan?
1.fixed deposit account 2.saving account 3.current account 4.home saving account 5.family saving account
How does a health saving account work?
A health saving account is one where someone pays a set amount monthly onto the account. This is then used if they need any medical treatment or operations so th cost is not so large at the end.
What is Free account?
My saving account
What account is similar to a saving account?
Current Account
How does a fatcat account work?
A Fat Cat Account is a bank savings account designed for children. The parents can open the Fat Cat account for the child, then help them learn about saving money and using a bank account.
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
Best saving account interest rates?
saving account interest rate is now 4% that is best
What is meant by saving bank account?
saving accounts earnings
Can you get a loan with a saving account?
No! You must have a credit account!
You want your account balance in saving account your account no 10553294698?
yes
Is a bank saving account a good place fo save money?
yes, hence the name saving account.
How could you check your Saving account balance?
iob saving balenc
