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Yes. Any money in your savings account is your property and it can be used to pay off any debt that you have.

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16y ago

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How are money market savings accounts different from regular savings accounts?

A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.


Why open an savings account?

A savings account is a good place to keep money safe for future needs.


Can I borrow money from my health savings account?

No, you cannot borrow money from your health savings account.


What is saving accounts?

Kindly refer to the attached below.


How can a savings account help in money saving?

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.


Is it possible to transfer money from a normal savings account to an NRO account?

Yes, it is possible to transfer money from a normal savings account to an NRO account.


Do savings accounts provide you with a checkbook?

Usually not. Checking accounts give you a checkbook, but the idea behind a savings account is that you try to save the money instead of using it regularly, so usually checks and debit cards are only attached to the checking account. Of course online it is just as easy to access your savings account as your checking account.


What are some of the benefits of an e savings account?

The benefits of an e-Savings accounts is the price to get access to it, which is only around $2. One can also access his/her e-Savings accounts online and is has no feeds attached to it to withdraw money.


What is a type of savings account?

money market account


What is the purpose of a savings?

A Savings Account is a type of account that is designed to promote savings among the general public. You can deposit and withdraw money from this account but at the same time the bank offers you an interest on the money deposited into the account.


What happens to the money that you deposit in a savings account at a bank?

When you deposit money in a savings account at a bank, the bank uses that money to make loans to other customers and earn interest. In return, the bank pays you interest on the money you have deposited in your savings account.


How can you get money that was in a savings account with stockport and district trustee savings bank in 1967?

To get money from a savings account from 1967, you will need some information proving that the account is yours. Contact the state unclaimed funds department in the state where the account was held and request your money.