Current Account

1. What is meant by a Current Account with a bank? Current bank accounts are very popular among companies, firms, public enterprises, businessmen who generally have higher number of regular transactions with the bank. The current account includes deposits, withdrawals, and contra transactions. Such accounts are also called the Demand Deposit Account. A Current account … Read more

Savings Account

Table of contents: What Is a Savings Account? How Savings Accounts Work? Savings Account Advantages Savings Account Disadvantages Maximizing Earnings Opening a Savings Account How Much to Keep in the Account What Is a Savings Account? A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts … Read more