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You would like to know if i still have any money in a savings account dated back to 1995?
Wiki User
∙ 16y ago
Go to the bank where the account is and ask them.
Wiki User
∙ 16y ago
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Is a savings account really going to help you save money?
Yes, a savings account will really help you save money if you remain loyal to the fact that it is a savings account. You still have access to your money, but it's up to you to keep it saved.
What happens when you put money in a savings account?
It is recorded that the money is yours but your money is still in circulation. It isn't like a safe which holds each persons individual money. Your money could be used for someone else to withdraw their saving account, but your money is still available to you. When you get it back it just won't be the same exact coins or notes that you put in your savings account.
My savings account is not the traditional account with a bank book and all It's being accessed online Can I still withdraw money from such?
your savings account comes with a debit card, and you can use this card to withdraw money at an atm. Certain banks can still provide you with a bank book, but you'll still need a debit card to use the machines. If you have one of those online savings accounts, then you'll have to go online to transfer money over to another bank account that you have to take out money.
You are intrigued with having a savings account online for convenience sake Does anyone know how does it work?
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.
What is a benefit of saving money in the bank?
In certain savings account plans they have rates of interest and the more you keep your money in there, the more money you get. This is so because they borrow your money temporarily to lend others but you still have credit for that money. So you will still have your money, but the bank will give you an interest for letting them borrow your money.
Is a savings account really going to help you save money?
Yes, a savings account will really help you save money if you remain loyal to the fact that it is a savings account. You still have access to your money, but it's up to you to keep it saved.
How much do you have to keep in a Bank of America savings account to keep it open?
You can have no money and still keep it open. Bank of America doesn't care if it doesn't have any money in it . If your savings account is linked to your checking account then it should be fine.
What happens when you put money in a savings account?
It is recorded that the money is yours but your money is still in circulation. It isn't like a safe which holds each persons individual money. Your money could be used for someone else to withdraw their saving account, but your money is still available to you. When you get it back it just won't be the same exact coins or notes that you put in your savings account.
My savings account is not the traditional account with a bank book and all It's being accessed online Can I still withdraw money from such?
your savings account comes with a debit card, and you can use this card to withdraw money at an atm. Certain banks can still provide you with a bank book, but you'll still need a debit card to use the machines. If you have one of those online savings accounts, then you'll have to go online to transfer money over to another bank account that you have to take out money.
Does a past savings account still remain?
If you opened a savings account in the past and never did anything with it, yes it would still remain opened and active
What is a money market saving?
"Money Market" units are securities which can only ever appreciate in quantity (their value is always exactly $1 per unit). So holding money market units (I forget the precise term, sorry) is like putting money in a savings account, although generally money market accounts grow faster. Right now, yields are pretty abysmal, though.
Is a savings account or CD better for putting money into?
A savings account would still allow you access to those funds. However, if you please your money in a CD it can gain interest that is compounded daily, but you cannot cash in the CD before it's due date without risking cost to you.
You are intrigued with having a savings account online for convenience sake Does anyone know how does it work?
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.
Can you still claim bankruptcy with a savings account Can I still keep my savings during a BK?
Probably not; it depends on what the court arranges for you.
What is a benefit of saving money in the bank?
In certain savings account plans they have rates of interest and the more you keep your money in there, the more money you get. This is so because they borrow your money temporarily to lend others but you still have credit for that money. So you will still have your money, but the bank will give you an interest for letting them borrow your money.
Mortgage Savings Account: A Mortgage That Doesn't Feel Like a Loan?
A mortgage savings account is what the name implies, both a mortgage and a savings account. In this situation, the company who holds your mortgage is also the bank that you have your savings account with. It is different than a traditional mortgage. With a traditional mortgage, you make a monthly payment and you no longer have access to that money. You can make extra payments on your home, such as a bi-weekly payment, to help pay off your home faster, but the money is still gone from your bank account.The advantage of a mortgage savings account is that it allows a home owner to pay off their mortgage faster, while having access to the money they have paid in. With this financial product, the money that you have in your savings account counts towards your mortgage. So, if you have a $200,000 mortgage and $50,000 in your savings account, then the company looks at it as if you only owe $150,000 on your mortgage. This also means that you only pay interest on the $150,000 instead of the full $200,000 for as long as you have the $50,000 in your savings account.Another advantage is that you also have access to that money, just as if it were in a traditional savings account. However, the money that you take out is calculated against your mortgage. So, if you withdraw $25,000 of your $50,000, you now have a mortgage balance of $175,000 and will pay interest on that amount until you put more money into your savings account.A mortgage savings account is a variable interest loan, which means that your interest rate will fluctuate over time. It will not be a fixed rate that you get and keep for the entire length of your mortgage. The biggest factor affecting your interest rate will be current market rates. The lower current market rates are, the lower your interest rate can be.Overall, a mortgage savings account is a good way for you to have a mortgage without feeling like you are stuck in a loan. It is a loan, but you still have access to your money and can control how quickly you pay off your mortgage.
Why should you have a saving account?
There are times when you run out of money, such as when you have been laid off from a job. It is extremely important to be able to put your hands on cash. When that happens, it is important that you have a savings account. Of course you can borrow money, but when you are down and out, you must pay extremely high interest. Savings accounts help you when you really need money. While most people do not, everyone should have a savings account with six month's salary for major emergencies. People who worked at the Pontiac factory who lost their jobs, would still lose their houses but would have the money to move and get reestablished.
