Differentiate between saving account and current account.
Answers
Answer 1
A savings account is an account held at a bank or another financial institution. This account could be seen online and is used to store money and earn interest on that money. A savings account saves your money.
A current account is a bank account that keeps your money safe and secure, it helps manage finances and is easy to make payments with. With a current account you can have deposits, withdrawals, etc. In an current account an amount can be deposited and withdrawn at any time without any notice needed.
Answer 2
Savings account is an account where your savings go and the current account is the one you’ll use for everyday