answersLogoWhite

0

What is the mean of saving account?

Updated: 9/19/2023
User Avatar

Wiki User

13y ago

Best Answer

Generally speaking, A savings account is one which pays interest on the funds held in the account, and usually has restrictions on withdrawing funds (usually less than 3 withdrawals in a 30 day cycle)

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the mean of saving account?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does it mean when you put money into an account?

It means that you are saving some money in your own bank account.


What do you mean by saving?

I think what they mean is interest income earnt from having money saved in a savings account.


What are the types of bank accounts in Pakistan?

1.fixed deposit account 2.saving account 3.current account 4.home saving account 5.family saving account


What is Free account?

My saving account


What account is similar to a saving account?

Current Account


What does Money saving mean?

Saving money means you put money in a envelope or a bank account. "savings" Well you put it away and you don't touch the money and you keep adding money to the envelope or bank account


What is the difference between saving account and salary account in bank?

In Salary Account 0 balance is allowed and in saving account minimum balance required


Best saving account interest rates?

saving account interest rate is now 4% that is best


What is meant by saving bank account?

saving accounts earnings


Can you get a loan with a saving account?

No! You must have a credit account!


You want your account balance in saving account your account no 10553294698?

yes


Is a bank saving account a good place fo save money?

yes, hence the name saving account.