Types of Saving Account

General
1

Hello, can anyone explain to me the types of savings accounts available? It would be a great help.

2

Hello, i think i can help you with your question.

Types of Savings Accounts

Banks offer different types of savings accounts for different needs. Here are the common ones:

  • Regular Savings Account: This is a normal account which you know most people open to save and use money.

  • Salary Account: So, these are given to employees to receive their monthly salary.

  • Zero Balance Account: In this type of account no need to keep any minimum balance.

  • Women’s Savings Account: This account provides special benefits and offers for women.

  • Kids / Minor Account: It is made for children to start saving early.

  • Senior Citizens Account: These are for senior citizens, it gives higher interest and benefits for retired people.

  • Joint Savings Account: These accounts can be opened by two or more people together.

  • Digital / Online Savings Account: So, this one can be opened and managed fully online without visiting the bank.

  • High-Interest Savings Account: It gives better interest rates but may have conditions.