WHAT ARE SAVINGS DEPOSITS
Answers
Answer:
saving deposit is that you are helping for saving so that all the banks gives little interest rate to pay to savings account owned. these deposit date are no fixed but withdraw from only in 3-4 trasation
Savings Deposits are basically deposit accounts in any bank or financial institutions.These are financial deposits which can be used in future to manage or cope up with any unexpected circumstances.
Explanation:
As mentioned,savings deposits are certain types of savings or deposit account where money is invested or deposited to be used for later use to cover any unexpected or emergency expenses later.One common example of savings deposit account is the fixed deposit account that is offered by many banks and other financial institutions.Money can be usually deposited in cash or transfer and withdrawn from the deposit account by going to the respective bank or financial institution or through internet banking.Automatic transfer is also available n many banks and financial institutions from the current account directly into the deposit account.