answersLogoWhite

0

One can withdraw money anytime, can be used as a liquid cash.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

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.


Which of these options for saving money offers the most liquidity?

Piggy Bank


What is an advantage of a saving account over a cheking account?

One advantage that I can think of is the fact that Savings Accounts usually offer an interest on the money held in the account whereas Checking accounts offer very little or on most cases zero interest on the money held in the account. On the flip side, there are limitations on the number of transactions you can make on your account in case of Savings accounts whereas there are no such limitations for a checking account.


Which option for saving money typically offers the least liquidity?

Basic savings account


What is the advantage of keeping money in a savings account?

The advantage of keeping money in a savings account is that it can earn interest over time, helping your money grow. Additionally, savings accounts are typically safe and easily accessible, providing a secure place to store your funds.


One advantage of a savings account?

you wont spend as much money


What does Money saving mean?

Saving money means you put money in a envelope or a bank account. "savings" Well you put it away and you don't touch the money and you keep adding money to the envelope or bank account


How to use the word saving in a sentence?

Saving can be used in a sentence many ways. For example you can use it referring it as saving money in the bank: How much money are you saving in your savings account?


What is a Healt Saving Account?

A health savings account is a federally-sponsored account where you can set aside money to cover health expenses. This has major tax advantages compared to just saving money in general. A health savings account is an account that you can put money into on a pre-tax basis. That money is then used for approved health needs, such as prescriptions and doctor's co-payments.


Which of the these options for saving money typically offers the most liquidity?

basic savings account


What is your review of the Mango Savings Account?

The Mango Savings Account offers competitive interest rates and no monthly fees, making it a good option for saving money.


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.