Category: savings account
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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…
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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…