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401(k) Financial Education How To Reduce Debt Money Saving Strategies personal finance savings account

What Is A Dormant Account?

A financial account posting no deposits, withdrawals, or transfers over a set period of time may be declared dormant, or inactive. While interest may continue to accrue on these accounts—given a sufficient balance—those payments are not taken into cons…

Categories
401(k) Financial Education How To Reduce Debt Money Saving Strategies personal finance savings account

What Is A Dormant Account?

A financial account posting no deposits, withdrawals, or transfers over a set period of time may be declared dormant, or inactive. While interest may continue to accrue on these accounts—given a sufficient balance—those payments are not taken into cons…