Savings Accounts

savings account = a bank account which includes a limited number of withdrawals(=taking money out of an account), a lack of cheque and linked debit card facilities(=a payment card directly connected to your bank account) depositor = a person who keeps money in a bank interest rate = the reward for saving and the cost of borrowing calculated as a percentage of what you owe long-term financial goals = ones you want to achieve in more than five years, such as buying a house, saving for retirement, etc.