what is the difference between savings bank account and
current bankink account?
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Answer Posted / vandana
A deposit account held at a bank or other financial
institution that provides principal security and a modest
interest rate. Depending on the specific type of savings
account, the account holder may not be able to write checks
from the account (without incurring extra fees or expenses)
and the account is likely to have a limited number of free
transfers/transactions. Savings account funds are
considered one of the most liquid investments outside of
demand accounts and cash.
The net flow of current transactions, including goods,
services, and interest payments, between countries.
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