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The amount of money first deposited into a savings account is called?
Wiki User
∙ 11y ago
i think it is PRINCIPAL but im not sure.
Wiki User
∙ 11y ago
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The amount of money earned in a year by a savings account is called the?
ANSWER It is called "interest".
What is savings account called at a credit union?
A savings account at a credit union is generally called a share account.
Which personal savings options are available from the American Express bank?
American Express offers a personal savings account with no fees, no minimum balance amount, and a competitive rate, called the High-yield Savings Account. They also offer an account called Certificates of Deposit, which has a competitive fixed interest rate.
Savings accounts at a credit union is called?
Share account
Are there any banks that offer a high yield savings account?
There are many banks that offer a high yield savings account. The best bank that offer the best high yield savings account is Charles Schwab investment bank. They have what is called the high yield investor savings account, where there are account minimums and no monthly fees.
The amount of money earned in a year by a savings account is called the?
ANSWER It is called "interest".
What is savings account called at a credit union?
A savings account at a credit union is generally called a share account.
Which personal savings options are available from the American Express bank?
American Express offers a personal savings account with no fees, no minimum balance amount, and a competitive rate, called the High-yield Savings Account. They also offer an account called Certificates of Deposit, which has a competitive fixed interest rate.
What is a savings account at a credits union?
A savings account at a credit union is generally called a share account.
Is there a monthly service charge to have an Eggs Savings account?
No, the Egg savings account called "Egg Savings Account (internet) Issue 2" does not have a monthly service charge. This type of savings account is accessible online.
Money which is kept in an account for later use is called?
it is called a savings account.
What is the record book for a savings account called?
It is called a passbook.
A What is the money called that you earn on a savings account?
interest
What is Money called which is kept in an account for later use is called?
Savings
What is difference between OD and CC account?
Cash credit Account (CC)This account is the primary method in which Banks lend money against the security of commodities and debt. It runs like a current account except that the money that can be withdrawn from this account is not restricted to the amount deposited in the account. Instead, the account holder is permitted to withdraw a certain sum called "limit" or "credit facility" in excess of the amount deposited in the account.Cash Credits are, in theory, payable on demand. These are, therefore, counter part of demand deposits of the Bank.Overdraft (OD)The word overdraft means the act of overdrawing from a Bank account. In other words, the account holder withdraws more money from a Bank Account than has been deposited in it.
Savings accounts at a credit union is called?
Share account
What is record book for a savings account?
A Passbook
