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What is the savings account?
Savings account is a bank account that helps you to save your money and earn interest from within it is a very safe place to spend money anytime and here you can save money.
Features
- Interest: You will receive a fixed rate of interest on your deposit balance.
- Access: You can withdraw money as you needed.
- Security: Your money is kept safe in a bank .
- Liquidity: You can easily access your money any time as you need.
Uses
- Saving for any purpose such as vacation, traveling, saving funds, shopping, sending money to someone
- Making and receiving payments any time
- Paying credit bills,Electrik bill
- Making investments as you choice
- Paying utilities
- Recharging mobile or etc
Tips
- Savings accounts are the most widely used in the world and are the most essential means of immediate transfer.
- You can use a savings account for all your work expenses, and almost everyone in the world has a savings account.