the savings account

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savings account
A bank account designed for a client's savings, which compared to a current account typically entails withdrawal restrictions but yields a better interest
savings account
a bank account that accumulates interest
savings account
a bank account that pays you interest for keeping your savings in it Banks use your money to make loans, so they pay you interest for the use of your money Your savings is insured up to $100,000 by the FDIC, so you don't have to worry about borrowers taking your money and not paying it back
savings account
a bank account in which you keep money that you want to save for a period of time, and which pays you interest on the money you have in it checking account, current account current account
savings account
bank account where funds are kept for the purpose of saving them and acquiring interest on them
savings account
A savings account is set up through a bank A savings account allows you to put your money aside and earn interest (usually 2-3%) because you are in fact lending money to the bank You can also withdraw (take out) or deposit (put in) money as you want to You can sign up for a checking account, which allows you to write checks from your bank account Often, the portion of the money in the checking account does not earn interest or if it does, you have to pay a monthly fee You can open up a savings account at any bank Most banks now have ATM cards which allow you to withdraw and deposit money at a machine, rather than with a person called a Teller
savings account
An account with a bank or savings and loan company that pays interest on money deposited
savings account
Money deposited in a bank that earns interest that is not subject to withdrawal by check Please see our basics page for more information
savings account
A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing
savings account
An account where the focus is placed on saving money rather than taking it out The rates are normally higher than a glossary('current account','current account',5), however, you may have a notice or withdrawal period ranging from 1-2 days to 90 days to gain access to your money
savings account
AN interest-bearing relationship used by a customer to accumulate funds Savings accounts have no fixed maturity date
savings account
A business agreement in which a credit union or other financial institution agrees to hold and pay interest on money you've deposited You may withdraw some or all of your money, but not by writing a share draft or check
savings account
An account at a savings bank, commercial bank, or savings and loan (S&L) that pays interest on deposits, usually from the day of deposit to the day of withdrawal Savings accounts held at financial institutions insured by the Federal Deposit Insurance Corporation (FDIC) or the Savings Association Insurance Fund (SAIF) are insured for up to $100,000 Secured Credit A loan, line of credit, or other financial obligation guaranteed by collateral
savings account
An account at a bank or savings and loan, which pays
savings account
Money loaned to an institution that is not on a fixed term Each institution has its own rules and procedures for savings accounts See also, Call
savings account
An interest-bearing account devoted to the accumulation of savings BACK TO TOP
savings account
A service depository institutions offer whereby people can deposit their money for future use and earn interest
savings account
deposit account
the savings account

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    /ᴛʜē ˈsāvəɴɢz əˈkount/ /ðiː ˈseɪvɪŋz əˈkaʊnt/