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What else can I help you with?
Why does a savings account make a better investment than a checking accounts?
Savings accounts earn interest.
Why are saving accounts not subject to the fed reserve requirements?
savings accounts are not subject to the Fed's reserve requirements because savings accounts are not as liquid as checking accounts.
What types of savings accounts does HSBC offer?
HSBC savings accounts are competitive with savings accounts at other banks. HSBC offers other services such as retirement planning, CDs, checking accounts and credit cards.
Does closing a savings account hurt your credit?
Closing a savings account does not directly impact your credit score. Savings accounts are not reported to credit bureaus, so closing one will not affect your credit history or credit score.
Do checks come out of checking or savings accounts?
Checks typically come out of checking accounts. Checking accounts are specifically designed for everyday transactions like writing checks, making debit card purchases, and withdrawing cash. Savings accounts, on the other hand, are meant for storing money and earning interest over time.
Does Second Chance Checking offer savings as well as checking accounts?
"As far as I can tell, second chance checking does not offer any savings accounts. They strictly provide checking accounts to individuals with less that perfect credit histories."
Why does a savings account make a better investment than a checking accounts?
Savings accounts earn interest.
Are there more fees in a checking account compared to a savings account?
Most checking accounts have no fees. Savings account has more fees than checking accounts because of the higher interest yields available in a savings account.
What are the various types of bank accounts?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
What is executive banking?
Executive banking is an area of financial services which provides service to corporations and businesses. Assistance can included opening and closing checking and savings accounts.
What are the disadvantages of using checking accounts?
Many checking accounts do not offer interest on the money in your savings account. This is a disadvantage because the money you put in a savings account will collect interest, where a checking account will not.
Does Emigrant Direct offer checking accounts?
Emigrant Direct claims to offer a high interest savings account, that they can directly link with your checking account at another bank. They don't personally offer checking accounts themselves.
Why are saving accounts not subject to the fed reserve requirements?
savings accounts are not subject to the Fed's reserve requirements because savings accounts are not as liquid as checking accounts.
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.
Do mortgage companies check for savings and checking accounts?
Yes they do.
Can I open a savings account if I have a judgment against me?
Yes, you can open a savings account if a bank allows you to. Usually banks are not as strict with savings accounts as they are with checking accounts.
What types of savings accounts does HSBC offer?
HSBC savings accounts are competitive with savings accounts at other banks. HSBC offers other services such as retirement planning, CDs, checking accounts and credit cards.
