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It's like cosigning a loan. It puts you at partial responsibility for the account.
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∙ 14y ago
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What is a compound interest savings account?
Its where your savings account earns interest on the interest.
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.
Where can you put your money in?
A bank account, savings account, or family trust fund are a few options, it depends what you mean when you say 'in'.
What is savings account called at a credit union?
A savings account at a credit union is generally called a share account.
Where can one get a Halifax savings account?
There are many places that one can get a Halifax savings account. A Halifax savings account can be researched through local newspapers in Halifax. One could also contact Halifax to learn more on how to obtain a savings account.
What do you mean by savings income?
I think what they mean is interest income earnt from having money saved in a savings account.
What does acf mean on a joint checking or savings account?
acf
What does savings account mean?
Generally a savings account pays interest, and a checking (current) account doesn't. Also, a savings account cannot be overdrawn, but with permission, it is possible to overdraw a checking (current) account. The previous person is correct, a savings account simply lets you save your money and make a little bit at the same time. With a savings account it is a little harder to spend it since they are not typically tied to a checkbook.
Can you change a savings account to joint account?
You may be able to add someone to your savings account ..contact the bank where you have the savings account for details
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.
What do you mean by saving?
I think what they mean is interest income earnt from having money saved in a savings account.
What is a compound interest savings account?
Its where your savings account earns interest on the interest.
Why open an savings account?
A savings account is a good place to keep money safe for future needs.
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.
What's one difference between a checking account and a savings account?
savings account earns interest.
What makes a savings than a checking account account a better investment?
A savings account earns interest.
What is a savings account at a credits union?
A savings account at a credit union is generally called a share account.
