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Differences between Savings Account and Current AccountMarch 22, 2010 byJay

Filed underLoans and Deposits

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When opening for a bank account, you are given choices on the

various types of accounts available. These accounts are specially designed to suit every individual banking needs.There are also accounts designed for the market-based structures and service groups of business class societies.

The two common types of accounts offered by banks are the savings account and the current account. Let us discuss

more about these accounts as well as their differences in this article.

The difference of a savings account and a current account lies on the individuals patronization. Many banking

institutions all over the world today offer different savings and current accounts to their dedicated patrons in

accordance to their exclusive needs. These operative accounts include the following:

Transactional Account

Joint Account

Automatic Transfer Service Account

Overdraft Free Account

Money Market Deposit Account

Transaction Deposit Account

Negotiable Order of Withdrawal Account

Certificate of Deposit Account or Time Deposit

Low-cost Account

Tax-Exempt Special Savings Account

Current Bank Account

Individual Savings Account

A savings account is a personal finance method maintained by a private person and a retail financial institution. The

money amount being saved in this account usually earns interests and can be issued to a third party by using checks.

This bank account type allows a person to save money repeatedly while earning interests subsequently. The interests

can also be in form of money. Today, a savings account is also offered by mutual savings banks, loan associations,

commercial banks, and credit unions. It can be accessed in forms of ATM or debt card and passbook. The passbook

usually reflects the itemized transactions made by individual on his account. However, the savings account may

require minimum amount of cash funds as balance to maintain.

A savings account can be availed by different groups of people. It allows people to earn flat interest rates for its

existing bank deposit amount. However, the interest rates may vary from bank to bank depending on the size, type,

and nature of the bank.

A current account is specifically designed for the business communities since its functions are more transactional. In

this type of bank account, the entities and businessmen are allowed to distribute money to supplier and vendors

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directly from the account. They are also allowed to access flexible payment terms for the account. The current

account is achieved by the business communities via direct debits into the account, direct card payments, special

arrangements to accommodate standing orders, and check book facility.

A current account is typically accompanied with an overdraft facility, which is use by businessmen in borrowing

money from the bank to meet imperative business commitment. It also comes with an offset mortgage facility that

allows the entity or businessman to benefit from the reduction of interest rates and purchase a property. However,this type of bank account attracts higher interest rates since its volume of savings and transactions are on the higher

side. This applies to both payable and earned

What is the Difference Between Visa and Mastercard?May 21, 2011 byVic

Filed underCredit Cards

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Out of all the credit card companies that exist today, Visa and Mastercard are the two of the best known. Most people

who use a credit card wont really see a big difference between the two. Both cards are accepted in pretty much

every country that accepts credit card payments, the only major difference would be what fees are charged.Visa and MasterCard actually have very little to do with the services that their cards offer that is handled by the

bank issuing the card. AVisa credit cardissued in Australia might be different than a Mastercard credit card issued in

Australia. In all reality, both companies only handle the money part of the cards.

With that said, its for this reason that most people have not just one credit card, but several. If one of your cards is

declined somewhere, you can use your other card and be on your way.

At the end of the day, if youre only going to choose one of these credit card companies, its simply a preference. Just

ask your bank whatdifferences you can expect to find between Visa and Mastercard.

If youre trying to decide which one you should get, I would say to get one of each, and just using one of them as your

main card and having the second card just in case your main card doesnt work. You would be surprised how many

businesses accept one card but not the other.

The plus side of the cards being mainly differentiated by the bank is that you can negotiate what your cards interest

rates and the spending limit that your card has. Banks are happy to get any customers business that they can, so

you dont have to worry about them turning you down for trying to negotiate, either.

Your answers can be:

1) I am a person with strong interpersonal skills and have the ability to get along well with

people. I enjoy challenges and looking for creative solutions to problems.

2) Besides the details given in my resume, I believe in character values, vision and action. I amquick in learning from mistakes. I am confident that the various tests that you have conducted will

corroborate my competencies aptitude and right attitude for the job.

3) I attendedG.I.E.Twhere I majored in Electronics and Communication Engineering. My hobbies

include basketball, reading novels and hiking. Im an easy going person that works well with

everyone. I enjoy being around different types of people and I always like to challenge myself to

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improve at everything I do.

4) I went toGIET, Gunupurwhere I majored in Electronics & Communication Engineering.

Afterwards, I started my career at Mumbai as a software engineer inLnT Infotech. Ive been

there for 3 years now. I love solving riddles and puzzles and I also enjoy jogging, readingand watching movies.

Job Interview Answers - Why do you want to work for us?

The interviewer wants to know why you chose to serve his company. Basically this question is

asked to people having experience in their respective field. Dont start babbling and dont give a

short answer. Do some research about the company and then answer this question by

associating sufficient data and information. Try to find out the status of the company, the

turnover of the company, why this company is best among the competitors, etc. Such information

will help you to answer in the best possible manner.

Try to gather information from annual reports, companys website,articles about the company and

the corporate newsletter.

Your answers can be:

1) Three reasons why I would like to work for your company are:

- Since your company provides a strong core competency, very strong value systems and best

practices so I believe I have a strong vision of viewing myself as a project leader in your company.

- Your company has one of the fastest growth rates and turnover in the industry and that would

mean a faster growth rate for me as a professional.

- The practices of your company are more employee and customer oriented.

2) I well understand that this is a company on the way up. And recently I studied and saw on your

website about the launch of several new products which is imminent. I want to be a part of this

business as it grows. Additionally, the team I would work with looks terrific.

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Introduce yourself / Tell something about yourself / Describe yourself

My name is (this is also there in your resume, but its normally included:-)). Im from, have completed my schooling from, from (prefer using the

name of the university only, if you think your college/institute is not among the very well known

colleges/institutes). Im currently working (if applicable) with for as a . Im

handling/managing/doing . Im quite friendly with my friends/colleagues

and like to work in a team. Im looking for