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

A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees.


Savings And Loan Association

Savings And Loan Association

Originally an association chartered to hold savings and make real estate loans. Federally insured and regulated. Active in long term financing rather than construction loans. Recent changes in federal controls have enabled these associations to offer checking accounts, consumer loans, and other services traditionally offered by banks.


Savings bank

Savings bank

An institution that primarily accepts consumer savings deposits and to make home mortgage 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.


Lifelong individual savings account

Lifelong individual savings account

See 'individual savings account'.


Further Suggestions

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


 
All rights Reserved. Do not copy without permission. T4 Innovations Ltd