0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Who is an account holder?
Anyone that has been added to a deposit account or savings accounts
Where can I find a savings account calculator?
You can calculate the value of savings in an account by multiplying your savings by the annual interest rate eg savings of 500 with 1% interest are worth (500 x 0.01) + 500 = 505.
What are the features of an ING Orange savings account?
The ING Orange Savings Account is now known as the Capital One 360 Savings Account. It is offered with no fees, it also offers a competitve rate of interest. Your deposits are also insured up to $250,000 providing an added layer of security for your money.
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
When the interest paid on a savings account is added to the balance so the interest earns interest this is known as?
Compound interest
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.
How does money grow in a savings account?
A savings account is one in which customers save their monthly savings and they are not like the current account. Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account. Hence banks offer a meager interest rate for the money held in this account. Money grows in a savings account because: a. The account holder usually makes small deposits regularly into the account b. The money in the account earns a small interest and hence keeps growing in value
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.
