Get upto 4%* on our Savings Account Balances with Cyllidcrest Bank.
Updates:
Dear Customer, We have launched Video KYC facility for New customer to open savings ac
Get upto 4%* on our Savings Account Balances with Cyllidcrest Bank.
Dear Customer, We have launched Video KYC facility for New customer to open savings ac
Find answers to all your queries about our service.
A savings account is a type of bank account that allows individuals to deposit and save their money while earning some interest on the balance. It is typically used for short-term savings and emergency funds.
A checking account, also known as a current account, is a type of bank account that allows frequent transactions such as withdrawals, deposits, and payments. It is often used for day-to-day expenses and bill payments.
A debit card is linked to a checking account, and when you make a purchase, the money is immediately deducted from your account. On the other hand, a credit card allows you to borrow money from the card issuer up to a certain credit limit. You need to repay the borrowed amount, usually with interest, at a later date.
A mortgage is a loan used to finance the purchase of a property, typically a home. The borrower (homebuyer) repays the loan over time, and the property serves as collateral for the loan.
Online banking (also known as internet banking) allows customers to perform various banking transactions and services over the internet, such as checking account balances, transferring funds, paying bills, and more.
Compound interest is the interest calculated on the initial principal amount and any accumulated interest from previous periods. It allows your savings or investments to grow faster over time.
Overdraft protection is a service offered by banks to prevent a customer's checking account from becoming overdrawn when they don't have enough funds to cover a transaction. The bank may cover the transaction and charge a fee or transfer funds from another account to avoid overdrawing..
FDIC (Federal Deposit Insurance Corporation) and NCUA (National Credit Union Administration) are government agencies in the United States that provide deposit insurance to protect customers' money in case a bank or credit union fails..
An interest rate is the percentage charged by a lender (such as a bank) on money borrowed or earned on money deposited. It determines how much interest you'll pay on loans or earn on savings accounts.
