2007-02-26 04:27:49 · 9 answers · asked by NaKoshia c 1 in Business & Finance ➔ Personal Finance
Click on this link, and this will tell you everything you'd like to know, and then some about it.
2007-02-26 06:39:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
it is a bank account that people use to save money. Typically you put money into it to hold on to. Most will earn a certain amount of interest (a percentage of the money you have in the account). I think they award interest monthly based on an annual percentage amount. For instance if you put $1000 into an account that has a 4.5% annual percentage rate and leave it there for one year you will earn a total of $45 at the end of the year. Leave that in there for another year and you will earn $47.02 at the end of the next year. My wife an I use it to store money in case of emergency like a catastrophic car breakdown. If you want to earn money faster there are better ways to do it.
2007-02-26 12:36:19 · answer #2 · answered by vospire s 5 · 0⤊ 0⤋
a savings account is an account that you get at the bank where you put any amount of money that you want to save. over time the money grow interest(which is more money). fyi a checking account is an account where you can deposit money and write checks or use a atm card to withdraw cash
2007-02-26 12:32:52 · answer #3 · answered by misseshodges 2 · 0⤊ 0⤋
a bank account where normally there is not an amount you have to keep in there. You can start them off most times with 10.00 or so. You save your money there and while it is in there it also collect interest. Interest depends on the bank you are dealing with!
2007-02-26 12:31:23 · answer #4 · answered by bbmk333 3 · 0⤊ 0⤋
It's a bank account you put money in for the future. Regular banks offer very little interest though so your money hardly grows.
2007-02-26 14:07:09 · answer #5 · answered by KathyS 7 · 0⤊ 0⤋
an account that saves. are you 12?
2007-02-26 12:29:55 · answer #6 · answered by Susan 2 · 0⤊ 1⤋
It is an account where you can put in money and over time, interest will develop on it, earning you addictional money. You can also take money out at any time.
2007-02-26 12:30:25 · answer #7 · answered by WangDangSweetPoontang 4 · 0⤊ 0⤋
It accunt where you put all the exxtra money you has.
2007-02-26 12:30:05 · answer #8 · answered by Nice Real Nice 2 · 0⤊ 0⤋
You just blow in from stupid town?
2007-02-26 12:29:52 · answer #9 · answered by Dirty Sanchez 3 · 1⤊ 1⤋