A savings account is the most basic account one can open. It is a suitable option for individuals who would like to deposit their money to keep it safe with the bank. A saving account is ideal for salaried employees or for those who have a monthly income to be deposited in their accounts. A savings bank account is a basic account type that lets you deposit money safely with a bank and helps you earn interest.
Facilities such as ease of making transactions from anywhere through internet banking, debit card, cheques, ATM facilities, saving interest rates, etc. are the benefits that accompany having a savings account.