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Q: What are some of the restrictions that can affect savings account?
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What are some tools that I can use to compare savings account options?

Here's one place to compare: http://www.moneybluebook.com/the-best-online-high-yield-savings-accounts/ . PLEASE NOTE: the online accounts have very high yields, but come with some restrictions concerning when you can withdraw your money.


Is saving account a bank account?

If you have a savings account at a bank, then it is a bank account. If you have it in another kind of institution, such as a Credit Union or Savings and Loan, then it is not a bank account, although some people use the term "bank account" loosely and apply it to any savings account anywhere.


How much cash is required to open a savings account at American Savings Bank?

Opening a savings account through American Savings Bank will vary. All depended on if you'd like a Holiday Savings Account or just somewhere to stash some money. Some select accounts cost $100 to open and others might be free.


How can you get money that was in a savings account with stockport and district trustee savings bank in 1967?

To get money from a savings account from 1967, you will need some information proving that the account is yours. Contact the state unclaimed funds department in the state where the account was held and request your money.


Can a savings account trust have an age at which the beneficiary is entitled to it?

Yes a savings account trust can have an age when a beneficiary is entitled to it. For example, some people maybe entitled to it at age 18. It is best to contact the bank of the savings account to inquire.


What is the cost to set up a kids savings account?

It will depend on your bank's policy (local or int'l). Some banks would not cost you to open up a kids savings account, some may do. Some also allows you to open one as an add-on benefit to your main savings account. There's a resource link of a sample kids savings account below courtesy of Heritage Bank based in Queensland Australia.


What are high interest savings?

They're accounts that yield higher rate than a regular savings account. There are some minimum requirements to open a high interest savings account, such as maintaining a balance and depositing a minimum amount to open the account.


How do you get really high interests savings accounts?

Save at an online bank like AIG. You can get >3% on savings there, but it comes with some restrictions that you won't have at a normal bank.


Does Scotiabank online offer competitive interest rates?

With around five different savings plans to choose from Scotia definitely offers competitive interest rates. Some of their plans are as follows: a daily interest savings account, power savings account, money master savings account, and a money master for RSP's account.


Any individual of sound mind who is at least?

18 years old can open a savings account. Some banks may have specific requirements or restrictions, so it's best to check with the particular financial institution you are interested in.


Which has a higher interest rate checking or saving?

Generally a savings account pays more interest, but there are some checking accounts that offer rates that are very competitive to savings accounts.


What are some of the limitations of a savings account?

One limitation of a savings account is the amount of withdrawals you can make per month. Unlike a checking account, which let's you withdraw money until there are no funds left, savings accounts are restricted to 6 withdrawals per month. Another limitation is that withdrawals usually can only put into a linked checking account- you can't directly transfer funds from a low-interest savings account to a savings account with a higher yield.