Paris terror attack: Everything we know on Saturday afternoon. With one suspected terrorist still on the loose, we recount everything we have learned about the ordeal so far. By Eleanor Steafel, Rory Mulholland, Rozina Sabur, Edward Malnick, Andrew Trotman and Nicola Harley.
A savings account is an interest-bearing deposit account held at a bank or another financial institution that provides a modest interest rate.
Regulation D: What it means. Any savings account is bound by Federal Reserve banking restrictions. Called Regulation D, this rule limits savings transfers or withdrawals to six per month or statement cycle. With the restrictions on savings accounts, Leonard doesn't recommend lumping money into one account. Savings accounts are for saving.