The obtained funds which are held in a savings account may not be convenient for demand account like as instead of writing a cheque or using DEBIT CARD some one needs to visit an ATM or BANK BRANCH. Therefore this transfer system is quiet easy where savings account is also termed as ''near money''.Some savings accounts require funds to be kept on deposit for a minimum length of time, but most permit unlimited access to funds.
About 65% of people in the United States have savings accounts.
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