Liquid account that generally offers low or no minimum balance requirements, often carries a monthly service charge and generally pays a low rate of interest. The account usually has no restrictions on the number of transactions. It's wisest to open accounts at FDIC-insured institutions.' Savings accounts' may be opened at banks - on and off the Web, credit unions and other financial institutions. Account holders will receive monthly or quarterly account statements showing activity during the statement period.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). savings accounts. Retrieved September 22, 2026, from http://smartdefine.org/savings_accounts/definitions/1162917 |
| Chicago | Barry Goldsmith. 2010. "savings accounts" http://smartdefine.org/savings_accounts/definitions/1162917 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, savings accounts, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/savings_accounts/definitions/1162917>. |
| MLA | Barry Goldsmith. "savings accounts" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/savings_accounts/definitions/1162917> |