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Answered 2014-07-02 19:12:09

A savings bank account is an account that is designed to store savings. You cannot draw money out of it using a debit card or checks, but it pays a higher interest rate than a checking account.


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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.

your money that you have in a bank account your money that you have in a bank account

You can open a savings account at any bank or credit union. There are online bank savings accounts, too.

A Savings Account with an Indian bank will have 9 digits.

You may be able to add someone to your savings account the bank where you have the savings account for details

U.S. Bank does not currently have any high interest savings account. The highest paying account the bank currently has is 0.85% in a money market savings account. The highest yield available at US Bank (for a savings account) is the Package Money Market Savings account with yields up to 0.85%. This account must be opened with a US Bank Silver, Gold or Platinum checking account.

A children's bank account is usually a custodial savings account. This type of savings account allows parents to save money for their children's futures.

To "Hold" a bank account is the same as having or owning a bank account. If one has a savings account, they hold that account.

In the UK you can get a bank account from the age of 11. You can get a savings account before that.

Depends on bank. Contact your bank.

Regular savings accounts from Bank of America offer you a steady, predictable return to build your personal savings. One might be able to open a Bank of America savings account by registering via the main website of a Bank.

You have to find out how to do this and register to do it by contacting the bank.

A savings bank is a bank that is dedicated to savings accounts. They don't have all the freedoms of a checking account, but pay higher interest rates.

There are 14 digits in a Syndicate bank account.

Investors Savings Bank does offer checking accounts. Contacting the bank can provide you with information on the proper way to open this account.

A MSA acount is a medical savings account.

You first need to sign up for a savings account through a local bank and get a savings account number. Then you can go online and access your account on there.

No. i think it is an ideal form of a savings account

You can get a checking or savings account at SunTrust, Bank of America, and Citizen's Bank. These are just some of the many banks that offer this type of service.

No, CD rates are higher, but you cannot withdraw the funds as easily as a bank savings account.

At least 3. A checking account, a savings account to link to the checking account so the bank doesn't charge you for overdraft fees and a separate savings account in a different bank just in case of emergency purposes.

If you have funds in a savings account preferably in the same bank, you can do it online, at a branch or at the ATM. If you have a savings account at another bank, you can withdraw money from that other bank and deposit it into your checking account. Basicaly you have to have a "back up" account in order to find the checking account.

please let us the procedure premier to normal savings account

The interest a bank will pay on a savings account will differ from country to country. For Ex: the Rate of interest on a savings account in India is 3.5% whereas the interest on savings accounts in USA are around 1%. You need to check with the exact bank about the prevailing interest rate on savings accounts.

First a person will need to sign up at a bank to have a savings bank account. Then the person needs adequate funds in order to open it. Putting in excess money will eventually make a savings account.

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