IamDozzy
Active member
Recently, I was in the bank filling a form to get my ATM card and I noticed the number of Current account holders had declined but that of Savings had increased. For those that don't know what a Current account is , A Current account is an account opened by entrepreneurs and the likes who have regular transactions with the bank. They are usually handed a cheque book for withdrawals. Current account can be opened either in a cooperative bank or a commercial bank.
On the other hand, Savings account is an account that has an interest attached to it every month. That is at the end of the month, a certain amount of interest is added to the account but the interest is usually negligible in my personal opinion.
So as a bank user, which type of account do you operate and what are your reasons for choosing that type of account.
On the other hand, Savings account is an account that has an interest attached to it every month. That is at the end of the month, a certain amount of interest is added to the account but the interest is usually negligible in my personal opinion.
So as a bank user, which type of account do you operate and what are your reasons for choosing that type of account.
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