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which he may not without the consent of the society, make a withdrawal at shorter notice, according to the amount to be withdrawn, than is determined by the rules of the society;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

• To open any account, you must deposit or already have on deposit the minimum required share(s) in a Membership Savings account (Youth Membership Savings account for members less than nineteen (19) years of age).

• The employee will have the option to contribute to their Health Savings account as long as they are participating in the high deductible plan up to the IRS limits.

• A Membership Savings account with a minimum balance of $10.00, the Par Value of One Share, is also required.

• For StartUp Certificate accounts, dividends must be transferred to your Membership Savings account (Youth Membership Savings account for members less than 19 years of age); dividends cannot be added to your certificate account.

• For Youth Membership Savings, this account type will be automatically converted to a Membership Savings account following the dividend quarter the account holder reaches nineteen (19) years of age.

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;