InvestorWords.com
savings account
Definition
A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing.
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Featured Tip
5 Reasons to Keep Banking Costs DownKeep banking costs down. With planning, you can sidestep some of the more costly fees and penalties. Examples:
1. With credit cards, try to pay the card balance in full each month to avoid intere ... Read more
1. With credit cards, try to pay the card balance in full each month to avoid intere ... Read more
Additional Tip(s)
- How to Build a "Rainy-Day" Fund
- 4 Types of Bank Overdraft Programs
- Why You Should Comparison Shop for Financial Services
- Diversify Your Investments
- Saving for College
- Preventing Overdraft Charges on Your Checking Account
- Forex Trading by Using Interest Rates
- Set Up an IRA
- How a Small Savings Account Can Get Big Over Time
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