Not exact matches
While you could keep your savings in a current account, if you choose to
deposit your
money in one of the many savings accounts available, these often come with customer benefits such as the opportunity to earn interest tax - free for example, the tax benefits will depend on the individual's
circumstances.
Requiring a
deposit of
money should be relied on only in exceptional
circumstances where a release on a recognizance with a surety is unavailable.
There once was a time when banks would not give you a loan under any
circumstances unless you put down a large amount of
money as a
deposit... often 20 % of the loan value.