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What is the average 50 year old single male savings account balance?
Wiki User
∙ 15y ago
It would depend on the person financial situation throughout their life. Some may have none while others have significant savings
Wiki User
∙ 15y ago
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If the interest rate on a savings account is 0.02 approximately how much money do you need to keep in this account for 1 year to earn enough interest to cover a single 9.99 Below-Minimum-Balance Fee?
5500
Can saving account be for a single individual or joint or company?
Savings accounts is meant for individuals and joint . Companies uses the Fixed Account for their regular transactions and eligible for the overdraft facility from the banker.
Is it safe to leave a lot of money in saving account?
Yes. It is perfectly safe to leave money in your savings account. The bank is liable to pay you every single penny that you hold in your account. Of course, savings accounts do not give you a good interest and hence if you wish to park your funds for a longer duration, you can opt for a Fixed Deposit.
How is data retrieved from the online banking?
The bank has a database that contains details of every single customer and his account. It also contains details like the account balance, the list of transactions that have been done on this account etc. So when a customer logs into his online banking website, the system automatically connects him to his bank account and all his details are displayed on screen in a way that he can understand.
What is the average income made by the average UK family?
in 2000, £23,200 was the average income for a single household.
What is usually the largest single account in the overall balance of payments?
The largest single account in the overall balance of payments is, for most countries, the current account.
If the interest rate on a savings account is 0.02 approximately how much money do you need to keep in this account for 1 year to earn enough interest to cover a single 9.99 Below-Minimum-Balance Fee?
5500
Can saving account be for a single individual or joint or company?
Savings accounts is meant for individuals and joint . Companies uses the Fixed Account for their regular transactions and eligible for the overdraft facility from the banker.
Is it safe to leave a lot of money in saving account?
Yes. It is perfectly safe to leave money in your savings account. The bank is liable to pay you every single penny that you hold in your account. Of course, savings accounts do not give you a good interest and hence if you wish to park your funds for a longer duration, you can opt for a Fixed Deposit.
Where does the sum of customers' unpaid balances that is compared to the general ledger balance comes from?
The sum of customers unpaid balance or balance of account receivables in the General Ledger usually comes from a subsidiary ledger which contains an individual account receivable for each customer, the total of these accounts are summed and placed in one single account in the "general ledger".
Why balance sheet is not an account?
An account is a record that represents a single thing to the company. Balance sheets represent multiple accounts. Accounts can at one time only be either a debit or a credit. A balance sheet is a collection of certain accounts presented in a statement, and includes both debit and credit accounts.
Average savings of single 45yr old male?
They should have about 18000- 25000 if single, 15000 -18000 if married. Though i guess in reality the average has 30 % less than this. Im 46 and have 33000 and married ,2 kids.
What is the Use of current account?
These accounts are similar to Savings accounts with two small differences. One is, the money in a current account does not earn interest and two is, you can withdraw any number of times. This account is for business people who would have high number of transactions in one single day.
The Best Savings Account Online?
The Orange savings account has long been the most widely advertised savings account which is only available online. As society in general moves towards digital commerce and performing almost all daily routines online, the Orange savings account is doing its part to familiarize people with the idea of a branchless bank.Orange savings accounts can be completely accessed online, and all actions, from deposits to withdrawals, can be done online. Withdrawals can also be done from the ATMs of other banks, and the transaction fee will be refunded by the Orange savings account bank. This is their way of thanking the consumer for trusting the Orange savings account, and a way to compensate for having no physical branches or ATMs to pull money from.Orange savings accounts are historically some of the best paying savings accounts on the market, sometimes offering a full half a percentage point higher interest than the savings accounts of other banks. They can offer such high interest rates because of the overhead that they save in not having a physical branch, or the staff that would be needed to man such a branch.Orange savings accounts can be deposited to using a smartphone. After downloading the app for the Orange savings account, simply take a picture of a check that you wish to deposit, both front and back, and send it to the bank. The check will be deposited immediately with no need for a trip to a physical branch.Other advantages of an Orange savings account include the ability to see all transactions online in an easy to navigate front page, one of the most quality customer service teams in the business, and the ability to quickly switch monies over to investment accounts or to checking accounts with no downtime online. The Orange savings account can quickly become your home account, funding other accounts.There is also a way to automate transactions and pay bills online with the Orange savings account. All in all, one of the best savings accounts on the market today, and all without having a single physical branch.
How do you check account balance in bank of baroda?
Bank of Baroda's internet banking service, Baroda Connect, is an alternative and effective way of managing your account. All customers can register under Baroda Connect for VIEW and/or TRANSACTION facility.Under the VIEW facility customers can:View the account summary of all deposit and loan accounts.View account information online with a single user ID.Get account statements
How do you put savings and scarce in a single sentence?
When money is scarce, you may need to use some of your savings.
Best Online Savings Account?
With the advent of the internet, many banks have moved their operations entirely online. An online savings account allows you to store your money without ties to a brick and mortar bank. Open one of these accounts, and have access to your money anytime, anywhere.Discover BankProvided by the folks at DiscoverCard, Discover Bank can open your savings account in as little as 24 hours. They are a great choice due to the fact that they are backed by Discover rather than a small, nameless start up company. Discover also offers a competitive 1.10% APY.ING DirectThe ING direct online bank is known for it's superior customer service. They do not require a minimum balance, and they maintain a great 1% APY. One of ING's unique offerings is the ability to instantly split a single savings account into multiple sub-accounts.If you are saving up for a new car, create an ING "car" account and deposit a little bit of your paycheck into it every month. Smarty PigThis is a highly unique offering because it is quite a bit different from standard savings accounts. Smarty Pig lets you create savings goals. Once you reach the goal, you can either withdraw your money or convert it to a gift-card balance with one of their sponsors. If you choose to put your money into a gift card, they give you a bonus for each gift card you create. Save up for a new TV, and put the money into a Best Buy gift card. You now have an extra bit of money for complementary DVDs or an HDMI cable.HBC AdvanceHBC Advance offer a fairly competitive rate of 0.8% APY and do not require a minimum balance. Most importantly, they do not charge any fees for maintaining an account, so you can create one just to have emergency go-to funds or an account to save up for something special.With so many banks to choose from and such simple requirements for an account, getting an online savings account is easy and painless.
