Do you know what is saving account?
Submitted by: AdministratorA savings account allows you to accumulate interest on funds you have saved for future needs. Interest rates can be compounded on a daily, weekly, monthly or annual basis. Savings accounts vary by monthly service fees, interest rates, method used to calculate interest and minimum opening deposit. Understanding the account's terms and benefits will allow for a more informed decision on the account best suited for your needs.
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