A deposit account held with a financial institution that pays interest but does not allow for direct withdrawal through checks. Pays interest at a rate higher than that of checking account but lower t [..]

A bank account where money is stored and generally returns a relatively low rate of interest.

An account designed for money to be paid in and saved, with limited facilities to access. Pays interest.

A savings account is a deposit account in a bank or credit union that pays interest on your balance—though some institutions require that you have at least a minimum amount in the account to qualify for earnings. You can deposit and withdraw from savings accounts as you wish, but you can’t transfer money from the account directly to other people or [..]

Definition A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing.

is one of the transactional accounts offered by banks, credit unions and financial institutions. Opening a savings account means a customer has contacted one of these institutions with the intention o [..]

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 [..]

An interest-bearing account (passbook or statement) at a financial institution.

Most banks offer a tier of savings account options based on the amount of money deposited and maintained, other investment tools you might have with the bank and your checking account status. Savings accounts generally yield the smallest amount of profit of the interest bearing accounts.

An account with a bank or other deposit-taking financial institution in which you are paid interest in return for depositing your money. These accounts are debt securities as you have lent your money [..]

An account offering a higher rate of interest for money that you are saving and not using on a day to day basis. You will find that some savings accounts require the money to be left there for specifi [..]

A bank account that allows a customer to deposit and withdraw money and earn interest on the balance.

An account with a bank or credit union in which people can deposit their money for future use and earn interest.

Savings account is a bank or credit union deposit that earns interest and can be withdrawn on demand.  

A account with a bank, or savings and loan company, that pays interest on money deposited.

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a bank account that earns interest on the balance of the account . Funds in a savings account can only be withdrawn using your bank card or directly from a teller.

A bank account that earns interest. Withdrawals and deposits can be made at any time.

An account maintained by an individual with the purpose being to save money and accumulate funds.

Tax-exempt trusts or custodial accounts established by individuals with financial institutions for saving money for future medical expenses.

A deposit account which pays interest, but funds cannot be withdrawn by check writing.

"Savings account" means the interest of an account holder in the savings liability of a savings association.

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A deposit account that earns interest, for people wanting to save money over time.

A bank account designed to encourage saving by paying interest. Savings accounts are not intended for regular transaction activity, though many banks will allow a limited number of transactions per mo [..]

An interest-bearing account used for safekeeping and accumulating funds. Banks use the money deposited by savers to make loans, so they pay the saver interest for the use of their money.

A bank account that accrues interest in exchange for use of the money on deposit.

An account at a financial institution that earns interest and allows regular deposits and withdrawals. The minimum required deposit, fees charged, and interest rate paid vary among providers. Related Topics Why Bank? A Menu of Banking Services Credit Scores Exploring the Options What is a debit card?

A deposit account held at a bank or other financial institution that offers a higher interest rate than most basic transaction accounts. Account holders can usually access their account at any time.   [..]