Savings account

From CNM Wiki
Revision as of 20:01, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Savings account is a bank account that pays an interest rate, but withdrawing the money typically requires you to make a trip to the bank or an automatic teller machine....")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Savings account is a bank account that pays an interest rate, but withdrawing the money typically requires you to make a trip to the bank or an automatic teller machine.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Savings account. A bank account that pays an interest rate, but withdrawing the money typically requires you to make a trip to the bank or an automatic teller machine.