Savings account

A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook savings accounts, and bank statements were not provided; however, currently such transactions are commonly recorded electronically and accessible online.

Back to Saving for College →

Source: Wikipedia · Image: Wikimedia Commons · CC BY-SA 3.0

FEEPRESS

Make sense of the price of college — free calculators for student loans, cost of attendance, loan payoff, refinancing, 529 saving, and net price, plus plain-English guides to paying for school without the guesswork.

Get new guides by emailOccasional emails. No spam. Unsubscribe anytime.

InformationAbout Contact Privacy Policy Terms of Service Disclaimer Affiliate Disclosure Cookie Policy

Every museum entry, image, and fact is drawn from Wikipedia and Wikimedia Commons, used under public-domain and Creative Commons licenses. No content is AI-generated.