Savings account and Current account...

owen
By owen

Sorry, but i have to ask this.. what is the difference of Savings from Current account? advantage between the two?

thanks in advance.. :)

By Commercial Bank• 5 May 2014 14:19
Rating: 5/5
Commercial Bank

Hello this is Commercial Bank :),

You can open a savings account with Commercial Bank without having to transfer your salary. http://www.cbq.qa/EN/Personal/Bank-Accounts/Savings-Accounts/Pages/default.aspx For a cheque book you will need salary transfer. We can organise your accounts efficiently within 24 hours, including ATM cards and cheque book. Also, our competitive credit cards earn amazing rewards points to redeem on shopping and travel.Compare Credit Cards here: http://www.cbq.qa/en/personal/cards/credit-cards/pages/compare-credit-cards.aspx

By fieryangelinthesky• 18 Jan 2009 23:07
Rating: 5/5
fieryangelinthesky

A current account is an account for managing your money on a day-to-day basis. They normally support payments to third-parties in the form of direct debit, standing order, cheque, transfers and debit card transactions. They may allow for a certain degree of short-term borrowing via an overdraft facility. Current accounts traditionally didn't attract interest but many high street banks now pay a small rate of interest on personal current accounts. Current accounts often appear on credit reports because they are considered part of your credit profile. The way you manage your current account is often a reflection of your general credit worthiness. If you have no overdraft and the account is in good standing it's presence on your credit report is likely to have a positive effect.

Savings accounts, as the name implies, are intended as a means of saving. They will attract a higher rate of interest but are more resistrictive in the way the money can be used. Banks rarely issue debit cards or cheque books against savings accounts and the only ways of moving money in or out of the account is usually over the counter or to/from another account with the same bank. Some even have resistrictions or impose penalties on the amount, method or frequency of withdrawals.

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By bleu• 18 Jan 2009 22:28
Rating: 4/5
bleu

Savings Account = 0.00001% interest.

Checking Account 0% interest, and you can write checks.

By rMs_000• 18 Jan 2009 22:25
Rating: 5/5
rMs_000

Current Accounts are those accounts whch is usd for commercial purpose. u can hav a current account only if you are working (Salary should be transferred) You wont get interest in current account.U get a credit card, loan, etc in this acount.

Where as savings account is kinda acount which is maily for savings. You get interest for the amount u deposited.U only get a debit card.. no credit cards and loan are issued.

rMs .. !!

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