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2. Savings account - Wikipedia

   en.wikipedia.org/wiki/Savings_account

   Savings accounts did not exist at most banks in India for a lot of time. People relied primarily on fixed deposits for preserving their savings. Canara Bank (earlier Canara Banking Corporation Limited) introduced the concept of a savings account in 1920, with a set of very rigid rules. If a customer wanted to, he could deposit a minimum of ₹1 ...

3. HDFC Bank - Wikipedia

   en.wikipedia.org/wiki/HDFC_Bank

   On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.

4. What is a savings account? Definition, how it works - AOL

   www.aol.com/finance/savings-account-definition...

   Safety: Money kept in a savings account at an FDIC-insured bank or an NCUA-insured credit union is insured for up to $250,000 per account owner, per financial institution, per ownership category ...

5. 10 types of savings accounts: Where to save your money - AOL

   www.aol.com/finance/10-types-savings-accounts...

   1. Regular savings account. The most common savings account is a traditional savings account at a bank or credit union. If the bank is a member of the Federal Deposit Insurance Corp. (FDIC) or the ...

6. Deposit account - Wikipedia

   en.wikipedia.org/wiki/Deposit_account

   Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer ...

7. No-penalty CD vs. savings account: How to match your ... - AOL

   www.aol.com/finance/no-penalty-cd-vs-savings...

   A savings account is an interest-earning bank account designed to help you store and grow your money. It’s great for short-term goals, emergency funds or savings you might need to access quickly ...