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i think it is PRINCIPAL but im not sure.

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12y ago

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The amount of money earned in a year by a savings account is called the?

ANSWER It is called "interest".


What is savings account called at a credit union?

A savings account at a credit union is generally called a share account.


Which personal savings options are available from the American Express bank?

American Express offers a personal savings account with no fees, no minimum balance amount, and a competitive rate, called the High-yield Savings Account. They also offer an account called Certificates of Deposit, which has a competitive fixed interest rate.


What is a savings account at a credits union?

A savings account at a credit union is generally called a share account.


Money which is kept in an account for later use is called?

it is called a savings account.


Is there a monthly service charge to have an Eggs Savings account?

No, the Egg savings account called "Egg Savings Account (internet) Issue 2" does not have a monthly service charge. This type of savings account is accessible online.


What is the amount of money borrowed or deposited called?

The amount of money borrowed or deposited is called the "principal." In the context of a loan, it refers to the original sum of money borrowed before any interest is applied. For deposits, it signifies the initial amount placed into a financial account. The principal is crucial as it serves as the basis for calculating interest earnings or payments.


What is the record book for a savings account called?

It is called a passbook.


A What is the money called that you earn on a savings account?

interest


What is record book for a savings account?

A Passbook


Savings accounts at a credit union is called?

Share account


Are there any banks that offer a high yield savings account?

There are many banks that offer a high yield savings account. The best bank that offer the best high yield savings account is Charles Schwab investment bank. They have what is called the high yield investor savings account, where there are account minimums and no monthly fees.