Find answers to common questions regarding personal banking.
Why do banks pay interest on savings accounts? If you have a savings account, you probably are thankful for the little bit of interest the bank gives you while they hold onto your money. Yes, many banks offer minimal interest on their savings accounts, but every little bit helps. However, why do bank pay interest …
How many savings accounts can I have? Banks generally do not limit the number of savings accounts you can have. People with multiple savings accounts often diversify their accounts across several banks. Additionally, many banks allow for multiple savings accounts within the same bank. You will need to check with the bank for the requirements to …
Do savings accounts have routing numbers? A routing number is a nine digit number that is associated with a bank. It is also known as the transit number or an American Bankers Association (ABA) number. It is not unusual for larger banks to have several routing numbers for their bank based on the region where you …
What is the difference between a checking and savings account? The two primary accounts you can establish at a bank are a checking and savings account. Most people have the ability to open one or both types of accounts. However, each account serves it own purpose. What is a Checking Account? A checking account is …
