Savings account

 

Home
Site Map
Add Term
Search
About Us
Contributors

Savings account

An account with a bank or financial institution which pays interest on balances held, usually once or twice per year, the amount of interest usually depending on to the amount of money in the account and the 'base rate' of the Bank of England. There is often a notice period required for withdrawals and in most cases the longer the notice period, the higher the interest rate.



Similar Matches

Mutual Savings Bank

Mutual Savings Bank

An institution owned by its depositors, as evidenced by certificates of deposit rather than stock. These institutions are active in long term real estate financing, as opposed to commercial banks, which concentrates more on short term loans.


Bonds Enabling Annual Retirement Savings (BEARS)

Bonds Enabling Annual Retirement Savings (BEARS)

Holders of BEARS receive the face value of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEARS holders receive the total of the exercise price.


Savings deposits

Savings deposits

Accounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand.


Savings and loan association

Savings and loan association

National- or state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages.


Savings element

Savings element

The cash value which accumulates within a life insurance policy. The premium is applied to give both life cover plus a savings element which is allowed to grow tax deferred until withdrawn.


Further Suggestions

individual savings account
Savings bond
Savings And Loan Association
Registered Retirement Savings Plan (RRSP)
National Savings Stock Register
Mutual savings bank
National Savings
Financing Cost Savings
Savings Association Insurance Fund (SAIF)
Individual Savings Account
savings and loan association
Savings bank
Savings rate
National Savings Bank
Savings element
mutual savings bank
lifelong individual savings account
Post Office Savings
Tax Exempt Special Savings Account
Federal Savings and Loan Association


 
All rights Reserved. Do not copy without permission.