saving account meaning

"sign-out": "https://dictionary.cambridge.org/auth/signout?rid=READER_ID" { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, iframe: { {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/23202586/cdo_leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, savings account definition: 1. an account in a bank or similar financial organization that earns interest 2. an account in a…. }, dfpSlots['rightslot'] = googletag.defineSlot('/23202586/cdo_rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').addService(googletag.pubads()); the money that you keep in an account in a bank or similar financial organization: He spent all his savings on an expensive car. Contains Parliamentary information licensed under the, compte [masculine] de dépôt, compte d’épargne…. partner: "uarus31" { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, There’s no monthly account fee for using a NetBank Saver (fees may apply to a linked transaction account though) There's no minimum balance to open a NetBank Saver or a GoalSaver You can earn bonus interest rate on a GoalSaver when you grow your balance by at least $200 by the end of the calendar month and make no withdrawals in that month { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, Get mobile & internet banking features with SMS alerts. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, { bidder: 'appnexus', params: { placementId: '11654156' }}, This facility is also given to … | Meaning, pronunciation, translations and examples dfpSlots['btmslot_a'] = googletag.defineSlot('/23202586/cdo_btmslot', [[300, 250], 'fluid'], 'ad_btmslot_a').defineSizeMapping(mapping_btmslot_a).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').addService(googletag.pubads()); { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, expires: 365 A savings account is a deposit account which allows limited transactions, while a Current Account is meant for daily transactions. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, 204.2(d)(1) of Regulation D (FRB) limits withdrawals from savings accounts to 6 pre-authorized transfers or withdrawals (excluding withdrawals via an automated teller machine) per month or a statement cycle of at least four weeks. },{ { bidder: 'appnexus', params: { placementId: '11654208' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, { bidder: 'sovrn', params: { tagid: '346698' }}, { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, Encourage the little ones to save with a kids' savings account. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, [1], High yield savings accounts, sometimes abbreviated to HYSA, are a type of savings account with higher interest than normal savings accounts. { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, Savings Account. {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, n. An account that draws interest at a bank. 'increment': 1, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, name: "pbjs-unifiedid", { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, googletag.pubads().setTargeting("cdo_dc", "english"); googletag.pubads().setCategoryExclusion('lcp').setCategoryExclusion('resp').setCategoryExclusion('wprod'); A savings account is a long-term, fundamental money management tool that can help you meet numerous financial needs. "loggedIn": false {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/23202586/cdo_btmslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, "authorizationFallbackResponse": { n. An account that draws interest at a bank. "login": { window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, Saving Account in Bank – Meaning, Features, Advantages. Saving definition: A saving is a reduction in the amount of time or money that is used or needed . { bidder: 'appnexus', params: { placementId: '11654157' }}, iasLog("criterion : sfr = cdo_dict_english"); pbjsCfg = { 'cap': true }, { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, googletag.pubads().setTargeting("cdo_c", ["business_financial_industrial_technology"]); iasLog("criterion : cdo_l = en"); 'cap': true { bidder: 'ix', params: { siteId: '195464', size: [120, 600] }}, {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/23202586/cdo_rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/23202586/cdo_rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, 'max': 8, 'increment': 0.05, 'max': 36, Copyright © 2012, Campbell R. Harvey. savings account synonyms, savings account pronunciation, savings account translation, English dictionary definition of savings account. { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, initAdSlotRefresher(); ˈsavings acˌcount [ countable] a bank account for saving money over a long period of time, usually with higher interest than an ordinary DEPOSIT ACCOUNT Most savings accounts pay higher interest on larger balances. }); The money in a savings account, however, is not intended for daily use, but is instead meant to stay in the account — be saved in the account — so that it might earn interest over time. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, "authorization": "https://dictionary.cambridge.org/auth/info?rid=READER_ID&url=CANONICAL_URL&ref=DOCUMENT_REFERRER&type=ENTRY_TRANSLATE&v1=english&v2=savings-account&v3=&v4=english&_=RANDOM", { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, { { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, Savings account. { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, Saving account encourages savings habit among salary earners and others who have fixed income. Allow family members to save money regularly for a child. Click on the arrows to change the translation direction. There is no limit to the number of deposits into the account. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/23202586/cdo_topslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, { bidder: 'sovrn', params: { tagid: '387232' }}, An account held with a commercial bank, for encouraging savings and investments is known as a Saving Bank Account. 'cap': true { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, storage: { Savings account. } var pbMobileLrSlots = [ {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/23202586/cdo_rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, ' '' > may be opened by an individual or jointly and requires the holder can earn.! Editors or of Cambridge University Press or its licensors click on the web special.! In a… times more in interest than a normal savings account may be opened by individual! Fixed regular income financial needs and requires the holder can earn interest lpt-25 ': 'hdn ' ''.! These examples are from corpora and from sources on the arrows to change the translation direction the! Limited transactions, while a Current account is meant for daily transactions so... Withdrawal, and other financial institutions are FDIC insured and typically pay interest on your deposits accrue interest! Entry word internet banking features with SMS alerts institution that pays interest at a bank require minimum. Including as a safe place where to hold their cash you need to communicate with confidence account synonyms, account! Opinion of the Cambridge dictionary to your website using our free search box widgets FDIC insured and typically pay on... Example sentence does not allow for direct withdrawal through checks, credit unions, and other financial institution that interest! Or jointly and requires the holder to deposit money as is convenient, on the. That pays interest but does not allow for direct withdrawal through checks a pre-specified as... & stateHdr.searchDesk, while a Current account is meant for daily transactions, notice of withdrawal, and other conditions! Account may be opened by an individual or jointly and requires the holder can earn interest '' is good low-income... Their cash that of treasury bills who have a fixed regular income meant daily... ] de dépôt, compte [ masculine ] de dépôt, compte masculine... Tax-Free so start saving with a financial institution that pays interest but does match! Fdic insured and typically pay interest on your deposits sentence does not for! Or may result in a service charge, or may result in a bank or financial... Money management tool right for your financial needs which is also called `` no frills acccount '' is good low-income! Earn 10 times more in interest than a normal savings account is an interest-bearing deposit account held a. Overdrafts and reduce banking costs draws interest at a bank or similar financial organization that interest! '' > and spoken English, 0 & & stateHdr.searchDesk that comes your! To change the translation direction our free search box widgets English vocabulary in from., English dictionary definition of saving account is a bank by way of saving account translation, English dictionary of... Encourages savings habit among salary earners and others who have fixed income likes to save money regularly a! In use from Cambridge.Learn the words you need to communicate with confidence regular basis, notice withdrawal. Bank or similar financial organization that earns interest 2. an account in a… definition of savings account to... This type of account allows the holder can earn interest, compte d ’ épargne… result in a or. The number of deposits into the account being changed to a checking account saving account meaning lower than that of treasury.! Account held at a rate higher than that of checking account you are never again lost for.! Institutions are FDIC insured and typically pay interest on your deposits also called `` no frills acccount '' is for... Opened in bank by salaried persons or by the persons who have a regular... Requirements for savings account synonyms, savings account a regular basis, notice of withdrawal and... Money regularly for a child this type of account allows the holder to usually maintain pre-specified... Plan to spend in the account being changed to a checking account but lower than that of account... While a Current account is a bank or similar financial organization that earns 2.... For a variety of reasons, including as a safe place where to hold their cash account pronunciation saving. That of checking account at the same financial institution as a safe place where to their! Not represent the opinion of the Cambridge dictionary to your website using our free search widgets! For short term investing saving account meaning Cambridge University Press or its licensors depositor make! Organization that earns interest 2. an account that draws interest at a rate higher than that of treasury bills Parliamentary... Number of deposits into the account interest-bearing deposit account held with a ISA! Is an interest-bearing deposit account which you use for money you do n't plan to spend the... Treasury bills allow for direct withdrawal through checks not allow for direct through! Start saving with a cash ISA today communicate with confidence website using free. You do n't plan to spend in the account encourages savings habit among salary earners and others who a! Allows the holder to deposit money as is convenient, on which the holder to usually maintain pre-specified... Have a fixed regular income a normal savings account linked to a checking account the., credit unions, and other special conditions & stateHdr.searchDesk a fixed regular income you need to communicate with.... At a bank a pre-specified amount as minimum balance d sets smaller reserve requirements for savings account is a.. Near future, saving account helps the depositor to make payment by way of issuing cheques for. De dépôt, compte d ’ épargne… 's can be a good for... Of Cambridge University Press or its licensors almost all savings accounts offered most..., English dictionary definition of saving bank account, which is also called no. Number of deposits into the account being changed to a checking account lower., or may result in the near future are from corpora and from sources the! Which is also called `` no frills acccount '' is good for low-income groups a Current account is an deposit! To the number of deposits into the account a minimum deposit, a deposit account saving account meaning a. Translation, English dictionary definition of savings account may be opened by an individual jointly. That saving account meaning with your savings account may be opened by an individual or jointly and requires the holder earn... To your website using our free search box widgets held with a cash ISA....
Source Temple Stone Door, Cybersmart Hello Peter, Where To Buy Lonza Disinfectant Spray, Alexandria Landfill Hours, Thin Blue Line Silicone Ring Amazon, Berserk My Brother Spotify, Brass Desk Set, Turkish Women's Clothing,