answersLogoWhite

0

Terms usually spell out the initial investment required for the interest rate to be granted as well as any fees that might be assessed on the account.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

How can I use my savings account to secure a loan?

You can use your savings account as collateral to secure a loan by putting up a portion of your savings as security for the loan. This can help you qualify for a loan with better terms and lower interest rates.


How do the interest rates on different savings accounts compare to each other?

The interest rates on savings accounts can vary depending on the bank and type of account. Generally, online banks tend to offer higher interest rates compared to traditional brick-and-mortar banks. High-yield savings accounts typically offer the highest interest rates, while regular savings accounts may offer lower rates. It's important to compare rates and terms before choosing a savings account to maximize your earnings.


What impact does savings accounts have on individuals money?

Savings account are made for saving/investing and therefore gain interest. The longer you have more money in them, the more you make on interest. So, the impact savings accounts have on an individual's money is that it increases the amount as long as minimum balance requirements are met and money is kept in the account.


How can you make a payment in June from your checking account but use your savings account for a July payment in epay?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


Is JP Morgan Chase Bank safe for your savings account?

Yes. JP Morgan Chase is very safe for your savings account. In fact, JPMC is the largest bank in USA in terms of Assets. It serves millions of customers across the United States and is considered to one of the largest in USA in terms of no. of customers as well. So, you need not worry about your account with JPMC.


In terms of medical insurance what does HSA stand for?

In terms of medical insurance, the acronym HSA stands for a Health Savings Account. This is an account that is created for those who are covered by different high-deductible plans.


In the epay function how can you make a payment in june from your checking account but use your savings account for my july payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In the epay function how can you make a payment in June from your checking account but use your savings account for a July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In the ePay function how can make a payment in June from your checking account but use your savings account for a July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In the ePay function how can you make a payment in June from your checking account but use your savings account for July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In the epay function how can you make a payment in June from your checking account but use savings account for a July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.


In ePay function how can you make a payment in June from your checking account but use your savings account for a July payment?

Unless it says otherwise* in your terms and conditions, you cannot make a payment from a savings account- there is a law concerning both number and nature of withdrawals. The best thing to do is to transfer money from your savings into checking, then schedule the payment from your checking account... * usually if it does say otherwise, then it's not a savings account. If it is, you have the one bank that is able to skip that part of the law controlling personal bank accounts.