What is a savings account statement?

Answer A savings account statement provides a log of all deposits, withdrawals and accrued interest sent out by banks to savings account holders. The statement allows you to better track your finances and... Read More »

Top Q&A For: What is a savings account statement

Definition of Statement Savings Account?

Statement savings accounts are basic interest-bearing deposit accounts financial institutions offer. Account information is automated, and depositors receive statements showing their balances, dep... Read More »

Where is the account number on a Fidelity Investments retirement savings statement?

The account number for Fidelity Investment accounts is generally on the top left corner of the statement as of July 2010. Fidelity offers a service called "householding" that records various Fideli... Read More »

Is there a difference between the APY on a savings account& a high-yield money market account?

No, the formula for annual percentage yield (APY) is one plus the periodic interest rate. Then raise the sum to the power of the number of periods of investment. Finally, subtract one. The formula ... Read More »

What is the difference between a health savings account&a flexible spending account?

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are ways to put money aside for future heath care costs. Both provide tax advantages, but the qualifications and functions of th... Read More »