What is the difference between a savings account and a current account?

Saving account is for saving money and earning interest while current account is for frequent transactions.

• Saving account earns interest while current account does not.

• Saving account has a limit on th...read more

Saving account earns interest while current account does not

Saving account is for saving money and earning interest while current account is for frequent transactions.saving account earns interest while current account does not.

Saving account is the simple account where you can only used for savings but current account is the account where you can used for business purpose

Savings account is meant for individuals mostly and there is an interest given by the bank on the deposit.However the current account is meant for companies/Business with no interest on deposit mainta...read more