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Is it true or false that if you open a savings account you can increase your money?
Wiki User
∙ 13y ago
True - If you keep depositing your monthly savings regularly into your savings account.
False - If you don't deposit any money into your account.
Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.
Wiki User
∙ 13y ago
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How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
How can a savings account help in money saving?
A savings account is a very good account to open up if an individual would like to start saving money. It allows extra saved money to be transferred from the checking account to the savings account.
What does a CD savings account do for me?
A CD savings account might earn money for you. This type of savings account earns interest for the person who purchases the CD.
Is a savings account really going to help you save money?
Yes, a savings account will really help you save money if you remain loyal to the fact that it is a savings account. You still have access to your money, but it's up to you to keep it saved.
What happened when you leave money in a savings account for at least 6 months?
If the savings account gives you interest, your savings will grow a little.
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
Why open an savings account?
A savings account is a good place to keep money safe for future needs.
How can a savings account help in money saving?
A savings account is a very good account to open up if an individual would like to start saving money. It allows extra saved money to be transferred from the checking account to the savings account.
What is a type of savings account?
money market account
What is the purpose of a savings?
A Savings Account is a type of account that is designed to promote savings among the general public. You can deposit and withdraw money from this account but at the same time the bank offers you an interest on the money deposited into the account.
What are the benefits of astoria federal savings?
I have personally never heard of 'federal savings', but I do know that a savings account will usually give you extra interest so that you money will substantially increase over time. But remember, you must keep your money above inflation.
What does a CD savings account do for me?
A CD savings account might earn money for you. This type of savings account earns interest for the person who purchases the CD.
How can you get money that was in a savings account with stockport and district trustee savings bank in 1967?
To get money from a savings account from 1967, you will need some information proving that the account is yours. Contact the state unclaimed funds department in the state where the account was held and request your money.
Is a savings account really going to help you save money?
Yes, a savings account will really help you save money if you remain loyal to the fact that it is a savings account. You still have access to your money, but it's up to you to keep it saved.
What is best a money market account or savings account?
madhu
What happened when you leave money in a savings account for at least 6 months?
If the savings account gives you interest, your savings will grow a little.
What are the uses of a savings account?
a savings account is were you put money for future use if need be and for safe keeping
