Standard Bank Account Types
Financial institutions offer many banking solutions which would service your requirements.
By putting your money into a bank account, you won’t be tempted to spend it – like you would if you kept it under the mattress! There are different types of bank accounts to choose from, including:
- Transaction accounts, which give you easy access to your money for your day-to-day banking and help keep your cash secure.
- Savings accounts, which allow you to save money and earn interest on your savings.
CHOOSING THE RIGHT ACCOUNT FOR YOU:
Financial institutions offer many banking solutions which would service your requirements.
- Decide why you need an account:
- Is it for day to day transactions or
- For savings
- Shop around before you sign up for an account
- You do not have to have a regular income or job to open an account
A bank account will keep your money safe and also help your money grow. Talking to your bank about what features and benefits the different accounts offer will help you decide on the account that’s best for you.