Savings account - An account with a bank or financial institution which pays interest on balances held, usually once or twice per year, the amount of interest usually depending on to the amount of money in the account and the "base rate" of the Bank of England. There is often a notice period required for withdrawals and in most cases the longer the notice period, the higher the interest rate.
Savings account : an account with a bank or financial institution which pays interest on balances held, usually once or twice per year, the amount of interest usually depending on to the amount of money in the account and the "base rate" of the bank of england. there is often a notice period required for withdrawals and in most cases the longer the notice period, the higher the interest rate.
Savings account