Social Sciences, asked by ashayathbasha9, 6 months ago

what is mean by saving account​

Answers

Answered by sanjanaraj88
4

Answer:

A savings account is a bank account at a retail bank whose features include the requirements that only a limited number of withdrawals can take place, it does not have cheque facilities and usually do not have a linked debit card facility, it has limited transfer facilities and cannot be overdrawn.

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Answered by jasmeen9847
2

Answer:

A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.

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