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A savings bank account is an account that is designed to store savings. You cannot draw money out of it using a debit card or checks, but it pays a higher interest rate than a checking account.

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11y ago

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Related Questions

The bank no long have the saving account numbers what did the bank do with the money in saving account?

It is not common for a bank to lose any account number. It may be a good idea to consult the bank in order to know why the account number is missing.


What is meant by saving bank account?

saving accounts earnings


What is main objective of a saving bank account?

Saving money. Obviously


What the objective of a saving bank account main?

Saving money. Obviously


What are the types of bank accounts in Pakistan?

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


Is a bank saving account a good place fo save money?

yes, hence the name saving account.


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


What are the functions of Habib Bank Ltd?

saving account fixed account current account


How many digits in Indian bank saving account number?

indian bank account no digits


How do you research old checking and saving account numbers for Barnett Bank in Florida?

How do you research old checking and saving account numbers for Barnett Bank in Florida?Read more:How_do_you_research_old_checking_and_saving_account_numbers_for_Barnett_Bank_in_Florida


How do you determine if the bank rates on a savings account are advantageous in comparison to bank fees?

To determine if the bank rates on a saving account to bank fees, you may have to check with your local bank account to determine what the rates are.


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.

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