Question

important of saving bank account​

Answer 1

Answer:

Savings accounts are the most common kind of bank account. Almost all Indians have a saving in one or another bank. This kind of bank account is a deposit account where you can save your money for a modest interest rate. The account holder can withdraw the deposited amount at any time. A savings account is the safest way to save your hard-earned money.

Savings accounts are the most common kind of bank account. Almost all Indians have a saving in one or another bank. This kind of bank account is a deposit account where you can save your money for a modest interest rate. The account holder can withdraw the deposited amount at any time. A savings account is the safest way to save your hard-earned money.A savings account gives you numerous benefits. Let’s see, how a savings account can help you to strengthen your finances.

Answer 2

Answer:

Unlike a current account,a savings bank earns interest.The balance earned in a savings account helps to improve the individuals income.Some banks offer higher balance,while some of her sweep in facility which helps earn higher interest income.