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Difference between current account and call deposit account?
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.
Bank interest received on saving account is taxable or nontaxable for the assessment year 2007-2008?
bankinterest received on saving bank account is taxable or nontaxable for the assessment year 2007-2008
What distinguishes a direct savings account from a standard account?
A direct saving account is very similar to a standard account. One of the differentiating features is that a direct savings account has a higher interest rate.
What is the mean of saving account?
Generally speaking, A savings account is one which pays interest on the funds held in the account, and usually has restrictions on withdrawing funds (usually less than 3 withdrawals in a 30 day cycle)
What is the difference between saving account and salary account in bank?
In Salary Account 0 balance is allowed and in saving account minimum balance required
Best saving account interest rates?
saving account interest rate is now 4% that is best
What usually carries the highest interest rates?
saving account
What do banks pay to people with a saving account?
bank pays bonus and interest on saving accounts
What makes a saving account a better investment than checking account?
A savings account earns interest.
Interest on saving account and current?
Interest on Savings acc = 3 - 4% Interest on current acc = 0%
Is the interest on current account higher than that of the saving account?
Of course not,current account does not have any interest,due to the withdrawal of the money for business at any time.
What is the primary factor that will affect how much is earned in a saving account?
The interest rate.
Can you save money with a high interest savings account?
Yes, a high interest account is a very desirable savings account because you will gain a decent amount of interest on your money. You will gain much more money if you get compound interest by saving more money into the account monthly.
What savings accounts have the best rates according to Money Saving Expert?
The saving accounts that have the best interest rates according to Money Saving Expert is a Sandantar account which has a astonishing 3% annual interest rate.
Is saving account interest considered portfolio income?
Yes it is but a very poor one
What is the interest rate offered for a CItiBank savings account?
The interest rates offered in a CitiBank saving account varies depending on different things. The interest rates can be 3%+ and on some accounts up to 6%.
Which has a higher interest rate checking or saving?
Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.
