What are Savings accounts? Savings accounts are accounts maintained by commercial banks, savings and loan associations, credit unions, and mutual savings banks that pay interest but cannot be used directly as money. These accounts let customers set aside a portion of their liquid assets that make purchases while earning a monetary return.
Saving account may need to visit an ATM or bank branch, instead of writing a cheque or using a debit card. However, this transference is easy enough that savings accounts are often termed near money. All Savings Accounts offer itemized lists of all financial transactions, traditionally through a passbook, but also through a bank statement.
With the advent of the internet, high yield savings accounts have become more prevalent from virtual banks. The internet savings account business model is to offer interest rates generally higher than those available at storefront banks while maintaining few if any retail locations and keeping customer service costs low through automated and computer systems. The growths of online high yield accounts have pushed many brick and mortar banks to create their own high yield savings accounts. Set up your online account from WaMu. There are many Savings Accounts services which you can choose for correspond with your demand.
Saving account may need to visit an ATM or bank branch, instead of writing a cheque or using a debit card. However, this transference is easy enough that savings accounts are often termed near money. All Savings Accounts offer itemized lists of all financial transactions, traditionally through a passbook, but also through a bank statement.
With the advent of the internet, high yield savings accounts have become more prevalent from virtual banks. The internet savings account business model is to offer interest rates generally higher than those available at storefront banks while maintaining few if any retail locations and keeping customer service costs low through automated and computer systems. The growths of online high yield accounts have pushed many brick and mortar banks to create their own high yield savings accounts. Set up your online account from WaMu. There are many Savings Accounts services which you can choose for correspond with your demand.
