Ask a Question

Why are savings accounts called savings not saving account

+6 votes
asked Jan 29, 2014 in Savings Account by anonymous
   

1 Answer

+4 votes
Saving is defined as money or any item that has been put away for use in the future. Savings is defined as money or items that have been collected over the years hence the name savings account to say that the money has been collected over the years in that account.
answered Jan 29, 2014 by charlie Inquisitive Expert (100,740 points)

Categories

ExplainPlease on Facebook

75,014 questions

48,872 answers

1,169 comments

82,472 users

CuriousGirl313,480
BobTheAnswerGuy310,070
smartguy111,120
charlie100,740
bbrown97,580
answerwiz94,860
The.Sage93,460
amanda0192,460
kfox83,500
lsmith82,840
...