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.
Longer-term investment: Savings accounts are closer to a form of investment than a transactional account, Mahnic says. You're giving a bank access to your cash, typically for longer periods than with checking, so they can loan out almost all of it to earn a return.