Banks are generally granted the "liberty to customize their product offerings" according to their niche market or "based on the needs of the identified market" when it comes to basic deposit accounts
An FDIC-insured deposit account
would enable it to offer things like a savings account or mobile check deposits.
Since opening a flexi fixed deposit account
is simple and hassle free, with most banks following a fast and transparent process, banks generally allow auto renewal of flexi FDs, ensuring account holders don't have to worry about renewal.
In addition to assuming the transactional deposit accounts
of the failed bank, Whitney Bank agreed to purchase approximately $1 billion of the failed bank's assets.
Timed to coincide with the dividend distribution season, customers who applied for any new deposit account
during the campaign period ending February 28 were given the chance to win up to QR10,000 each month.
Transfers can be made between FirstMerit deposit accounts
and up to five accounts at other financial institutions.
Also, Lebanon's deposit account
penetration rate was higher than the global rate of 1,192, the UMICs' penetration rate of 1,371 and the Arab rate of 681 deposit accounts
per 1,000 adults last year.
Each of these exchanges offers bitcoin deposit accounts
to hold bitcoins purchased on the exchange and bitcoins held for sale on the exchange.
Gatehouse Bank, a wholesale Shari'ah-compliant investment bank based in London, has announced the launch of its Treasury Notice Deposit Account
with rates compared against traditional deposit accounts
In August, for the 23rd month in a row, Bulgarian households kept putting money aside in deposit accounts
, with increase of BGN 270 M in only one month.
Chen Yi-tuan, deputy director of the economic research department of the CBC, pointed out that it remains to be seen whether local people will transfer their funds from demand deposit accounts
to time deposit accounts
, due to the issue of the stock transaction gains tax.
"Moreover, these efforts contribute in reducing the costs and alleviating the burden imposed on the government authorities in the development fields, in addition to supporting the saving efforts through opening deposit accounts
in the bank."