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Consumer savings account
A consumer savings account is an account offered by financial institutions for customers wanting to deposit money and receive a higher interest rate than transaction accounts. Savings accounts are traditionally opened and managed by the customer in a bank but there are a number of institutions that offer online savings accounts, which are fast becoming more popular. Funds in a savings account are easily accessible and can be withdrawn at any time.
Put your money into a savings account and start earning interest today. For a list of RateCity’s high interest savings accounts check out the table to the right.
Disclaimer
This article is over two years old, last updated on May 10, 2010. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent savings accounts articles.
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Product database updated 26 Apr, 2024
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