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Commercial Bank and Checking Accounts

Why is a saving account better?


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Answered 2012-04-03 15:39:02

This way the money that you put into the bank account will be saved rather than given away.

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


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A savings account is a very good account to open up if an individual would like to start saving money. It allows extra saved money to be transferred from the checking account to the savings account.


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The best saving account would be one that the bank does not charge you any fees and has a low minimum balance require. You will want to look for bank in your area and pick the one that has the best interest rates on saving accounts. Most of the time a credit union will have better saving account rates then big banks.


A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.


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Saving can be used in a sentence many ways. For example you can use it referring it as saving money in the bank: How much money are you saving in your savings account?


A bank account that you use for daily purchases and other similar transactions. Not an account to use for saving.


A 401k is often a better, and a more traditional way of saving for a retirement than an IRA. The 401k is designed specifically for retirement, but a IRA is just a savings account.


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