A savings account at a credit union is generally called a share account.
A savings account at a credit union is generally called a share account.
You can open a savings account at any bank or credit union. There are online bank savings accounts, too.
Share account
If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.
The average rates for a regular savings account at Park Community Federal Credit Union is 0.11%. This information can be found on Park Community Federal Credit Union's website.
depends on your bank/credit union
Passbook savings account is the savings account where all record of credits and debits, including deposits, withdrawals, and interest, are recorded on a passbook usually kept by the account holder. Passbooks are routinely updated with the necessary information by the bank. This type of account is well suited for those depositors who transact infrequently on their account and who don't have a need for a monthly statement.
Credit Union have a savings plan where the amount of interest earned is dependant on the amount of money being saved. Further information can be found on the Credit Union website.
One will find that interest rate savings can be made through one's local bank or credit union. One just needs to save money in a savings account, and/or in a money market account.
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
At a credit union, you can have checking, savings, money market, etc. just like you would have at a bank. One difference is that credit unions are owned by its members (account holders), rather than stockholders.