passbook savings account


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Noun1.passbook savings account - a savings account in which deposits and withdrawals are recorded in the depositor's passbookpassbook savings account - a savings account in which deposits and withdrawals are recorded in the depositor's passbook
savings account - a bank account that accumulates interest
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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In Vienna, an investor can have a passbook savings account in bearer form.
Credit and debit cards do not allow us to feel connected to our money -unlike the school child in the 1950s and 1960s who would open up a passbook savings account and deposit their own dimes, quarters or dollar bills.
(Admittedly, the 4.65 percent rate on a regular passbook savings account is an attention-grabber, but only for a reader in the year 2005.) Ads promoting free gifts are common.
The client replied that he'd put the money into a passbook savings account at a lower interest rate, which would lower his taxes even more.
The Pelham Bay branch will offer a variety of services, including high-interest checking, the popular Cheap Checking account, ATM services, as well as the traditional passbook savings account.
At the end of the conversation, the Brock would take out a crisp brand new $1 bill and present it to the child and then lead the little tyke up to the teller's window where a passbook savings account would be opened in the kid's name.
A business manager also might obtain a personal loan secured by a personal passbook savings account or a bank certificate of deposit.
Why can't you take your money and open a passbook savings account? If you want to take your money and put it under the mattress, that should be your business.
That is, if a family received $3,000 for winning the lottery, and spent $1,000 for a vacation, $500 for a VCR, and invested the remaining $1,500 in a passbook savings account; the family would be subject to tax only on the $1,500 consumed.
In the case of savings accounts, to take another example, fees can depend on whether the account is a passbook savings account or a statement savings account and on minimum balance requirements.
The income and savings from those two ladies have far surpassed a hundred times the earnings of a passbook savings account. And yet, I only milk once a day as I still make a one hundred mile commute back to the sidewalks five days a week.