answersLogoWhite

0


Best Answer

It does not really matter how much money you put in a savings account. The more you put, the more interest adds to the amount. You can add money to the account at any time.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much should you have in a savings account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Why should a company open a business savings account?

A company open a business savings account because it makes transaction and payment much easier. You can read more at www.citibank.com/savings


Are US citizens taxed on how much they have in their savings account or taxed just on the amount of interest they earn from the savings account?

They are only taxed on the interest. The money in the account should have already had its tax paid as income.


In Minnesota what happens to a child's savings account for college in a divorce?

In Minnesota, a divorce should not affect a child's savings account for college in a divorce.


How much the initial deposit to open a savings account at bpi family savings account?

1000


How much of my earnings should I put into my 401K at the age of 30?

When you are young yo should put as much as you can reasonably afford to in your savings account.


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

A savings account earns interest.


A child should have their own savings account starting at a young age. ?

A child should have their own savings account starting at a young age.


How much do you have to keep in a Bank of America savings account to keep it open?

You can have no money and still keep it open. Bank of America doesn't care if it doesn't have any money in it . If your savings account is linked to your checking account then it should be fine.


How do I find the best savings account if I don't have much money?

You can find the best savings account if you don't have much money at www.best-savingsaccount.com. Another good site is www.moneysavingexpert.com/savings/


Should a person have a savings account for college?

Yes, a person should have a savings account for college. If you do not qualify for a scholarship you will need the funds to pay for your tuition and books.


If a leander can debit from a savings account can a person use there savings?

i think it should be consiterd


Where can people find savings account that will be the best for them?

Savings account limits and rates are varied and much information can be found online that will help people find a savings account that best suits their need.