Savings account.

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.

Bank Of America High Yield Savings Account

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 organizations.

While savings accounts typically pay interest at a lower rate than other bank accounts, that may not always be the case. Savings accounts are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Share Insurance Fund.

You're covered up to $100,000 in each of three different categories of account in a single bank, or up to $250,000 if an account is a self-directed retirement account (IRA). Different branches of the same bank count as one bank.

Capital One Interest Rates

Saving Deposits

A 'savings deposit' is a deposit or account, such as an account commonly known as a passbook savings account, a statement savings account, or as a money market deposit account (MMDA), that otherwise meets the requirements of §204.2 (d) (1) and from which, under the terms of the deposit contract or by practice of the depository institution, the depositor may be permitted or authorized to make transfers. Savings A savings account is basically just a place to put cash in to earn interest and save for the future. Some accounts are variable rates with easy access while others are fixed where access to your money is restricted. We also look at the halfway-house of notice account. Be it saving money to tick items off your bucket list, splurging on your favourite brands, investing to save tax or retirement planning, the all-new InstaSave Account can do it all, instantly! Free Credit Card: Open Fixed Deposit (FD) of minimum Rs. 10,000 for 12 months with your Savings Account and get a. A savings account is a deposit account that generally earns higher interest than an interest-bearing checking account. Savings accounts limit the number of certain types of transfers or withdrawals you can make from the account each monthly statement cycle. Benefits of Savings Deposit Safe and Secure Your original deposit and interest rate are guaranteed, just like they would be in a regular savings. Flexible and Convenient Access your funds when you need it. Plus, switch to GICs or mutual funds at any time. No Minimum Deposit Interest 1 is.