Question

different between saving bank account and current bank account

Answer 1

ANSWER:

▪A savings account is an interest-bearing deposit account held at a bank or another financial institution that provides a modest interest rate.In most cases, banks do not provide checks with savings accounts.

▪A current account is a bank account that allows you to access a range of banking services, such as receiving money, paying bills, and setting up direct debits and standing orders to make regular payments.

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Answer 2

Saving account is interest bearing account

Current account is a general use account.

Saving account is good for salarised person

Current account is good for business person


Mostly saving account give interest in between 4-6%
There is no intrest is paid by bank on current account


Overdraft is not allowed in saving account

Overdraft is allowed in current account