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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.
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
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Subjects: savings accounts,