Linked Savings Account

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Dictionary Says

Definition of 'Linked Savings Account'

Any type of bank savings account that is linked by account number to a NOW or checking account. These are offered for the convenience of the customer, who can keep the majority of the funds in the savings account and move money over into the demand account as needed. This can also qualify the customer for reduced service charges or free checking.
Investopedia Says

Investopedia explains 'Linked Savings Account'

Linked accounts are sometimes called packaged accounts. The balances on both this account and the checking or NOW accounts are generally reported on a single consolidated statement. This arrangement also often allows the customer to receive a higher rate of interest in the savings account on the bulk of the money.
Search results for

'Linked Savings Account'

  • When Good People Write Bad Checks

    http://www.investopedia.com/articles/pf/08/overdraft-protection.asp
    ... line of credit. With this, your linked account isn'ta savings account; it's
    a line of credit or a credit card. The obvious downside ...

  • Banking: Savings Accounts 101 | Investopedia

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    ... savings account directly to your checking account at the same bank and quickly and
    easily move money between the two accounts. Having these two accounts linked ...

  • Curbing The Effects Of Inflation

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    ... tax" when you hold the TIPS in a tax-deferred account, such as ... Inflation-Linked Savings
    Bonds Inflation-linked savings bonds (I Bonds) are backed by the full ...

  • Index-Linked Certificates Of Deposit: Upside Potential, Low Risk

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    ... Tax implications are another item that should be taken into account, as earnings
    generated by index-linked certificates of deposit are taxed in the year ...

  • Demystification Of Bank Accounts

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    ... transfers and Automated Teller Machine (ATM) transactions have become linked to
    this ... institutions may require a minimum amount to open a savings account and a ...

  • Bag The Best Bank Account

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    ... to theme parks if you use your debit card (linked to their ... institution that offers
    any type of checking, savings, money market, or CD account is insured ...

  • Reduce Interest With An All-In-One Mortgage

    http://www.investopedia.com/articles/mortgages-real-estate/08/offset-mortgage.asp
    ... mortgage, is slightly more straightforward; the mortgage is simply linked to a
    non-interest bearing account. The entire balance in the savings account is then ...

  • 401(k) Debit Cards: Taking A Swipe At Your Retirement Savings

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    ... Credit Cards, Options, Retirement. Debit cards linked to 401(k ... approved for loans
    from their retirement savings quickly and ... for a loan from your account, it is ...

  • How does online banking assist with budgeting?

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    ... that by moving money out of a core checking or savings account they are ... some personal
    finance software programs (such as Quicken) can be linked directly to ...

  • How To Break Up With Your Bank

    http://www.investopedia.com/articles/pf/08/switch-bank-accounts.asp
    ... accounts didn't pay interest and savings accounts only ... longer you've had your current
    account, the more accounts and automatic payments might be linked to it ...

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