Savings Accounts - the Facts

Savings account are bank accounts which are used for money which is not needed on a day to day basis. The interest rates are often higher than on a standard current account however it is harder to release the funds - most savings accounts do not have debit cards or cash cards associated with them. Normally, the money must be moved into a standard associated current account, or must be withdrawn with a passbook over the counter at your local bank.

With the increase in internet usage, it is now easy to keep a track on your funds and to move money into and out of your savings account quickly and easily.

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