Question

Explain about Saving bank account.

Answer 1

Answer:

A savings account is an interest-bearing deposit account held at a bank or other financial institution. ... They also may charge fees unless you maintain a certain average monthly balance in the account. In most cases, banks do not provide checks with savings accounts.Jul 23, 2019

Answer 2

Answer:

Explanation:

A savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing a cheque). These accounts let customers set aside a portion of their liquid assets while earning a monetary return.