Direct Savings Account

Direct Savings Account Glossary Definition

An account in a commercial bank, savings and loan association, or savings bank. Savings accounts usually may be opened, added to, or withdrawn in any amount. Interest is paid from the date of deposit to the date of withdrawal and is credited to the account either quarterly or semiannually.

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Tags: Direct Savings Account, Direct Savings Account Definition, What is a Direct Savings Account?, Savings Account, Bank Savings Account

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