answersLogoWhite

0


Best Answer

The Online Savings Account is designed such that you earn high interest but still have your money available at call. You can access it anytime using Phone and internet Banking. Simply link your Online Savings Account to another bank account, whether with ME Bank or another Australian financial institution. The account must be in the same name as your Online Savings Account or, where the account is held jointly with another account holder, at least one account holder.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: You are intrigued with having a savings account online for convenience sake Does anyone know how does it work?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Where could one get a euro savings account?

Anyone can open a Euro savings account through the internet without actually having to fly to Europe to do it. Many international banks will let you open your own Euro savings account. Here's to mention a few: "Barclays", "ScotiaBank", NationwideInternational", and many more.


What is a typical interest rate for a money market account at HSBC?

The typical interest rate for a money market account at HSBC is 3.4% on a savings account, and nothing on the free checking option. This bank has associates that can assist anyone.


Can you open a savings account for another adult?

No. A person can only open an account for himself. They cannot open an account on behalf of someone else. It is illegal and it should not be done. If I want a bank account, only I can open it and cannot ask or expect anyone else to do it for me.


Where can you start a high interest savings account in Chicago?

i was able to locate a internet bank called incredible bank it yields an interest rate of 1.21% anyone can apply online for a checking account and makes its service available to most anyone they insure all accounts 250,000


Who can open a current account?

Anyone who is running a business or wishes to open an account that would involve high number of transactions can open a current account. Current Accounts usually involve higher charges & fees because of the extra services you receive. Those services are usually not available for regular savings account. Also, the money in your checking account does not earn any interest.

Related questions

Who is an account holder?

Anyone that has been added to a deposit account or savings accounts


Can anyone have an account at beneficial savings bank?

Anyone can have an account at Beneficial Savings Bank. They do however specialize in banking for small businesses and offer great rates for these type of accounts.


Can a corporation have a savings account?

Sure. Anyone or any organization can have a Savings account. A savings account is one of the most basic types of accounts which is open for everyone. In this type of account, the account holder (Individual or business or corporation) stores up money for their future use and there is no restriction on who can open such an account.


How can one UK resident open a savings account at the post office?

The easiest way for anyone over the age of 11 to open a savings account at the Post Office is via their website. One is able to apply online for an account.


Can a 17-year-old get an ATM card?

Yes. Anyone with a checking or savings account can get an ATM card.


Where could one get a euro savings account?

Anyone can open a Euro savings account through the internet without actually having to fly to Europe to do it. Many international banks will let you open your own Euro savings account. Here's to mention a few: "Barclays", "ScotiaBank", NationwideInternational", and many more.


Do savings account holders access to loans?

Yes. Banks usually offer loans to anyone who is eligible to get one. If you have a savings account with the bank and have been a good customer, the chances of you getting the loan are significantly higher. But, just because you don't have an account, the bank cannot reject your loan application.


What is a typical interest rate for a money market account at HSBC?

The typical interest rate for a money market account at HSBC is 3.4% on a savings account, and nothing on the free checking option. This bank has associates that can assist anyone.


Can you open a savings account for another adult?

No. A person can only open an account for himself. They cannot open an account on behalf of someone else. It is illegal and it should not be done. If I want a bank account, only I can open it and cannot ask or expect anyone else to do it for me.


Where can you start a high interest savings account in Chicago?

i was able to locate a internet bank called incredible bank it yields an interest rate of 1.21% anyone can apply online for a checking account and makes its service available to most anyone they insure all accounts 250,000


How safe is your savings account from hackers?

Only as safe as you are. If you are careless, share your id and password with random strangers, dont have a good anti-virus, anti-malware software in your computer etc, then your savings account is easy pickings for hackers. If you are careful, not share your credentials with anyone, install good anti-virus, anti-malware in your computer etc, then your account is safe.


What is a characteristic of the college savings plan?

it is administered only by states