0
Kindly refer to the attached below.
Cielo Kilback
Wiki User
∙ 13y agoA 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 Though the money is available at any time for the customer to withdraw, money is not as frequently deposited/withdrawn from it like the current account.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.
Wiki User
∙ 13y agoA savings account is a bank account where you can place your unspent cash each month. The money you place in the account will accrue interest at a higher rate than any money you would keep in a current account because you would not take money out of a savings account if at all possible (some savings accounts require a 60 day notification for a withdrawal)
Add your answer:
Earn +20 pts
What is meant by saving bank account?
saving accounts earnings
How is Saga Savings different from other savings accounts?
The saga saving is different from the saving accounts because the saving accounts has no 1% increase every year. It is also one of the most popular accounts because it doesn't have any restrictions at all.
What kind of saving accounts do banks offer?
Banks offers various types of saving accounts. These are as follows:Saving account ( Long term or short term)Minor saving accountForeign currency saving account
How many saving accounts can you have by law?
There is no limit :)
What is free checking accounts?
My saving account
Do medical savings accounts cover the cost of dentures?
Depending on the type of medical saving accounts. A good percentage of these medical saving accounts cover dentures as long as you have the reciept to back it up with.
What savings accounts have the best rates according to Money Saving Expert?
The saving accounts that have the best interest rates according to Money Saving Expert is a Sandantar account which has a astonishing 3% annual interest rate.
What do banks pay to people with a saving account?
bank pays bonus and interest on saving accounts
What is the Bank Most saving account's in Sri lanka?
Most saving accounts in Sri Lanka's Banks
Which companies offer saving accounts in Montreal?
In Montreal, saving accounts are available at the BMO Bank of Montreal and the Laurentian Bank of Canada. The BMO bank is the more popular of the two.
Why are saving accounts not subject to the fed reserve requirements?
savings accounts are not subject to the Fed's reserve requirements because savings accounts are not as liquid as checking accounts.
Where can one find comparisons of student saving accounts?
A person could find comparisons of student savings account by individually evaluating different student saving accounts from different banks. Banks such as Bank of America, Chase, and Capital One all offer student saving accounts. By exploring the websites of these banks a person could compare student savings accounts.
