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Savings Account
       
 
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Savings Account

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Savings Account
An account with a bank or savings and loan company that pays Interest on money deposited.
    
A Deposit account intended for funds that are expected to stay in for the Short term. A savings account offers lower returns than the market rates. Writing checks in a savings account generally costs more than if you were to do it in a checking account. These accounts let customers set aside a portion of their liquid assets that could be used to make purchases while earning a monetary return.
Posted by  Privatebanking.com
 
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