Tuesday, February 20th 2018

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What are the different types of savings accounts available?

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28th Feb 2011 by admint

There are two basic types of savings accounts. Passbook Account. With a passbook savings account, the bank gives you a booklet that you use to record deposits, withdrawals, and the interest. High Yield Savings Account. These types of savings accounts are also FDIC-insured. The higher the balance that you maintain in the account, the higher interest rate the bank is usually willing to give you.

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9th Dec 2009 In Banking 1 Answers | 501 Views
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