Savings Account definition

Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).
Savings Account means a deposit account, other than an escrow account established pursuant to section 49-2a, into which savings deposits may be made and which account must be evidenced by periodic statements delivered at least semiannually or by a passbook;
Savings Account means an account which a depositor maintains with a society and in which he may not keep a larger credit balance than is determined by the rules of the society and from which he may not without the consent of the society, make a withdrawal at shorter notice, according to the amount to be withdrawn, than is determined by the rules of the society;

Examples of Savings Account in a sentence

  • The Employer shall 10 withhold fourteen and a quarter percent (14.25%) of each Employee’s gross 11 weekly wage and shall deposit this amount to the individual Employee’s 12 Vacation, Holiday and Thrift Savings account in the financial institution 13 selected by the Labor-Management Committee as provided below.

  • At maturity, the balance of your CD will be deposited directly into your Primary Savings account and will earn dividends at the applicable dividend rate.

  • Must open and maintain a Give Savings account for the Give Savings part of the Save Give Spend account feature.


More Definitions of Savings Account

Savings Account means SuperSaver Savings Account
Savings Account means any savings account maintained with the bank, excluding those accounts which are opened in the name minors, either individually or jointly.
Savings Account means an interest-bearing account not subject to withdrawal by check or other
Savings Account means the monetary interest of the owner thereof in the aggregate of savings accounts in the associa- tion and consists of the withdrawal value of such interest.
Savings Account means any deposit or other account at a depository institution
Savings Account means a deposit or other account at a depository institution that is not a transaction account.
Savings Account means the Hong Kong dollar savings account comprised in the Integrated Account;