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Tag: savings account

Why is the plain vanilla Savings Account all so sacred?

November 16, 2016November 16, 2016 admin
Why is the plain vanilla Savings Account all so sacred?

The Savings Account is the alpha of all relationships a common man can have with a bank. And banks do what they do best. Accept deposits, lend money, pay and charge interest and make a profit in the difference.  It would be difficult for a bank to deliver on all its other financial services if accepting deposits is not the No: 1 priority. In reality, this Account is the sacred cow of the bank and warrants the account holder to treat it with sanctity as it is the origin of…

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