It is recorded that the money is yours but your money is still in circulation. It isn't like a safe which holds each persons individual money. Your money could be used for someone else to withdraw their saving account, but your money is still available to you. When you get it back it just won't be the same exact coins or notes that you put in your savings account.
There are two ways to answer your question - when you "put money into" an account, you are "making a deposit." But also, when you put money into a savings account, you typically accrue interest, so you technically also are "making money."
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.
One can build their savings account a several different ways. One common way of building a savings account is to put a designated amount of money into it every month. Another way to build a savings account is to put in any unexpected money into it that a person might receive, such as, gifts or tax returns.
Take the money, put it aside for you and wait for you to return and get it.
x > $425.00
A savings account is a good place to keep money safe for future needs.
a savings account is were you put money for future use if need be and for safe keeping
There are two ways to answer your question - when you "put money into" an account, you are "making a deposit." But also, when you put money into a savings account, you typically accrue interest, so you technically also are "making money."
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.
money not put to use.
One can build their savings account a several different ways. One common way of building a savings account is to put a designated amount of money into it every month. Another way to build a savings account is to put in any unexpected money into it that a person might receive, such as, gifts or tax returns.
Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.
Take the money, put it aside for you and wait for you to return and get it.
x > $425.00
You can earn money by receiving a payroll check, birthday/ graduation money. Any way you may receive money. You then put money in your savings account to accumulate interest to use on a rainey day
Basically in a savings account you put in a certain amount of money and based on the amount that you put in, there will be a specific interest rate. In a CD account you can put in money and the interest rate will raise as time goes by, usually starting at 0.01% the first year.
Take the money to a teller at your bank, or deposit it in the ATM at your bank.