I have $2000 avilable in my trading account. I'd like trading by short team as I just started buy stocks. The other day, I've earned $80 by Amat. Do you have any advise? What should I buy ...
I am doing a school project. All me classmates and I got 1 $100 bill. We have to invest in it to make it more than what we had. Then we have to give someone less fortunate than us....
I have a good chunk of money invested at 5%, upon maturity I would like to make more money on it. Is there a safe alternative that yields more but not at a really high risk?? Or should I just ...
If i invest $3500 with 8 dollars a share into a compnay through scotttrade and the next day stock goes up 2 dollars and I have $4375 can I sell all of it the next business day or is there s specifice ...
Savings account provide you with certain interest, which is usually quite low. These are usually used by individuals.
With current accounts, the interest paid is usually nil, and are usually used by corporates for their day to day payments.
Madboy P
Savings account is generally for an individual.
A current account is usually opened for an institution, firm, partnership or a limited company
sab
current is the one that u use for ur day to day payments and all, with saver u get intrest on ur money and it usually doesnt provide u with a atm card.
Shweta S
Savings Account -A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing whereas Current Account is the bank account from which money may be drawn at any time using a chequebook or computerized card.
if you want to know more on best saving/ current accounts then read this and even you can compare the interests of different banks here.
Savings account was mainly started to increase the savings habit of the people. There are restrictions on the number of withdrawal and deposit per month. The Banks provide interests for the deposit.
Current account is mainly for the Business people who have numerous banking transactions like withdrawal and deposit in a month. Bank does not restrict current account holders from any withdrawal and deposit.So the banks wont provide any interest on these accounts because they have to maintain many books for current account holders.current account holders get overdraft facility wherein they can draw more than the amount actually they have it in their account.
If you are working then Savings account is good
If you are business man then current account is good
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