As the name suggests, aSavings Accountis one where you can park your excess money or your savings. It allows you to deposit money that you don't need immediately but may need in the near future. Each time you deposit money into this account, your savings grow. Additionally, you earn int...
Interest rates:Financial institutions may offer different interest rates for different kinds of savings accounts. Rates may be subject to change at short notice. Needs based:Many Britons typically have an emergency savings fund or a 'rainy day' savings account. On the other hand, some savings acc...
4. Minimum balance: Some savings accounts and most current accounts require a minimum balance to be maintained. The minimum balance required to maintain a savings account is usually low (₦1000-₦2000) or waived depending on the financial institution but the minimum balance for a current accou...
When anyone opens a current account at a bank, he is lending the bank money, repayment of which he may demand at any time, either in cash or by drawing a cheque in fevour of another person. 任何人在银行开了活期存款户头时, 他就是把钱借给了银行,但他可以随时提取这些钱, 或者以现金的方...
With effect from 1 August 2021 (inclusive of this date), there will be changes made to the Current/Cheque/Savings Account and Time Deposit Terms (“Terms”) and we will be consolidating certain terms and conditions that were previously set out in some forms at our branches. ...
港元、英鎊或新加坡元,則本行按照一年365日(如屬閏年則為一年366日)計算利息; - 2 - Current/Cheque/Savings Account and Time Deposit Account Terms 往來支票儲蓄戶口和定期存款戶口條款 on the basis of a 360 day year (or any other basis we choose); ? Number of decimal places used when calculating...
With effect from 1 April 2016, our Current/Cheque/Savings Account and Time Deposit Terms and our SuperSalary Product Terms will be revised to introduce a S$60 cap on monthly CashBack per SuperSalary Account, excluded transactions for CashBack and other changes. ...
Should you open a current or savings account, or both? Broadly speaking, a savings account is one you use to deposit your savings in and earn interest, while a current account is used to carry out multiple daily transactions and has a cheque book facility. The latter is usually a zero-in...
There is a certain limit on the number of free bulk transactions you can make in a month based on your package account. Beyond that, you are charged a very nominal sum per transaction. 5. Charges for cheque collection and cheque bouncing ...
Put money aside for a child’s future or establish a positive saving habit with the help of a child savings account. Compare options suitable for children and teens, then start saving today. Child SaverJunior Cash ISA You may also like ...