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Updated Jul 31, Lindsay VanSomeren. Updated May 26, The Investopedia.

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BANKING SECTOR basics for beginners - Banking Terms and Concepts - Financial Ratios for Bank Stocks
SAVINGS ACCOUNTS. General Savings Account. Deposits, withdrawals and transfers anytime, anywhere. More. SAVINGS ACCOUNTS. Jad-Tem Account. A Savings Account is a virtual vault that holds your money. However, unlike a Fixed Deposit, you can access this money whenever required. A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities.

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Read more from Sarah. Grow your savings faster with a higher interest rate, if you're a motivated saver. It is also possible to open a savings account with an online bank. Kids and Student Savings Accounts.