Ask Question
5 August, 19:02

What is a bank savings account?

I do not understand what a bank savings account is. I would appreciate it if someone could explain to me in detail what a bank savings account is. Also, what can the money in your bank savings account be used for? Do you get a card to put in and take money out of your bank savings account? What do most parents use their child's bank savings account for?

+1
Answers (1)
  1. 5 August, 20:12
    0
    A bank savings account is one simplest type of bank account. It allows you to keep your money safely while earning through interest per month. Money in a savings account is useful for emergencies since they are insured. You also get a card which enables you to withdraw or deposit money into your account. Parent's usually take this type of account for their children for future purposes.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is a bank savings account? I do not understand what a bank savings account is. I would appreciate it if someone could explain to me in ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers