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Do many banks pay interest on the money you deposit into your savings account?
Yes, many banks pay interest on the money you deposit into your savings account.
Is it true or false that if you open a savings account you can increase your money?
True - If you keep depositing your monthly savings regularly into your savings account. False - If you don't deposit any money into your account. Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.
How can you add money to a term deposit?
To add money to a term deposit, you can make a deposit at the bank or financial institution where the term deposit is held. You can do this by transferring funds from your savings or checking account into the term deposit account.
Money you deposit into a savings account could be insured by the federal deposit corporation up to what amount?
$250.00
What do banks do with the money you deposit into your savings account?
Take the money, put it aside for you and wait for you to return and get it.
Do many banks pay interest on the money you deposit into your savings account?
Yes, many banks pay interest on the money you deposit into your savings account.
What describes a time deposit?
money in a savings account
Which of these describes a time deposit?
Money in a savings account is an example of a time deposit.
What is the difference between a normal savings account and nre account?
In normal savings account, you deposit Indian money (rupee) and you can withdraw it in the same indian money. In nre account you can only deposit foreign currency and you withdraw indian currency. you cant deposit indian money in this account
What happens to your money if you forfeit a deposit?
There will be no money in the account
Is it true or false that if you open a savings account you can increase your money?
True - If you keep depositing your monthly savings regularly into your savings account. False - If you don't deposit any money into your account. Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your 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 is the purpose of a business deposit account?
Business deposit accounts are also known as business savings account where one can deposit an amount of money as savings for one's business. Most savings accounts will also offer interest rates.
How can you add money to a term deposit?
To add money to a term deposit, you can make a deposit at the bank or financial institution where the term deposit is held. You can do this by transferring funds from your savings or checking account into the term deposit account.
Money you deposit into a savings account could be insured by the federal deposit corporation up to what amount?
$250.00
What is a saving deposit slip?
A deposit slip issued by your bank for depositing money or checks into your savings account.
What do banks do with the money you deposit into your savings account?
Take the money, put it aside for you and wait for you to return and get it.
