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Which bank account type is better savings or current?

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Solon Thompson

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4y ago

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Q: Which bank account type is better savings or current?
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Do they close your current bank account when filing for bankruptcy?

No they do not close your Checking or Savings account


Online Bank Account?

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What is current account in bank?

A current account is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account. Savings accounts are much more common in India than current accounts.


What is the current interest rate on a standard saving account at Bank of America?

The current interest rate for a regular savings account at Bank of America is 0.05. This rate applies to custodial savings for youth accounts as well.


Is a bank savings account interest rate better than a CD?

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


What are the various types of bank accounts?

* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits


What are the current savings accounts rates for National City Bank?

The current savings accounts rates for National City Bank depend on how long you commit to the account. A 60 month saving account can yield as high as 1.8%.


What is current balance on checking savings and other bank accounts?

account balance information


Is saving account a bank account?

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.


Difference between current account and savings account?

A Savings Bank Account is the basic type of bank account where customers can park or save their surplus cash. The money in the account is extremely liquid and can be withdrawn by the customer anytime they want. As a result, the interest rate provided by the banks on such accounts is also very less. In india the savings account interest rate is 4%. Banks may also give you cheque books and ATM/Debit cards to operate your bank account. A current account on the other hand is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account.


What are different types of bank accounts?

In India: Savings Account Current Account Fixed Deposits account Recurring Deposits account DEMAT Account etc.


Where can you open a savings account?

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