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Which is better, Current or Savings Account
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[QUOTE="IamDozzy, post: 82378, member: 28928"] Recently, I was in the bank filling a form to get my ATM card and I noticed the number of Current account holders had declined but that of Savings had increased. For those that don't know what a Current account is , A Current account is an account opened by entrepreneurs and the likes who have regular transactions with the bank. They are usually handed a cheque book for withdrawals. Current account can be opened either in a cooperative bank or a commercial bank. On the other hand, Savings account is an account that has an interest attached to it every month. That is at the end of the month, a certain amount of interest is added to the account but the interest is usually negligible in my personal opinion. So as a bank user, which type of account do you operate and what are your reasons for choosing that type of account. [/QUOTE]
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Which is better, Current or Savings Account
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