# Savings Account

**IRI:** https://folio.openlegalstandard.org/RZhwEbiJT6FHFIQayMF5yV

## Labels

## Definition

A savings account is a deposit account held at a financial institution that provides a modest interest rate. It is primarily used for the safekeeping of money and often has limitations on the number and types of withdrawals that can be made.

## Sub Class Of

- https://folio.openlegalstandard.org/RCqg8Edym0NbyFXA5DXor8w

**Deprecated:** False