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Naugatuck Savings Bank Article
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Savings Accounts – Facilities and Provisions
from:Introduction
In today’s age, an increasing number of customers are looking for lucrative options to save their hard-earned income. Each of these customers aims to look for options wherein they will be able to save their money as well as earn further interest for doing the same.
To cater to such needs, today, the financial institutions offer a vast range of facilities to such customers, which give them handsome returns in turn of depositing their savings with them. Amongst the various sets of facilities offered, it is the savings accounts which still continue to be the most popular and widely used by the customers.
The Concept and Functions
Savings accounts are basically a type of bank account, established to help the customers to keep aside a part of their liquid assets, also earning monetary return simultaneously. The most stringent principle of such savings accounts offered by the series of commercial banks, savings and loan associations, credit unions and mutual savings banks is that the customer cannot use the money deposited directly as cash, further encouraging the build-up up of savings.
Another principle regulated by these savings accounts is that the funds be kept on deposit at least for a minimum length of time, which means that there will be a limit on withdrawals, payments and transfers that might be carried out. While some banks offering such savings accounts will not allow any transfer beyond the stipulated limit altogether, yet others will inform the account owner that a violation has occurred.
At times, withdrawals from these savings accounts are costlier than the same transactions being carried out from a demand account. In addition, most of such savings accounts do not offer cheque-writing services, though there are many institutions that name their higher-interest demand accounts as savings accounts. To fulfill such saving needs of the customers, banks of all types offer good terms for savings accounts of all categories. The interest rate offered by each one of these might differ form each other, but the general trend is usually prevalent across various banks.
Experts suggest that to streamline your savings and ensure that your savings also earn further for you, it is important that you hold at least a single savings account with one of these banks. However, before you actually decide on an appropriate banking institution, you must analyze the terms offered by the bank such as the interest rates, withdrawal limits and other such features, especially in specific context of your own financial status and the results required out of your investments.
Naugatuck Savings Bank News
Naugatuck Savings Bank Opening New Waterbury Branch - Patch.com
 Waterbury Republican American | Naugatuck Savings Bank Opening New Waterbury Branch Patch.com The bank announced Thursday its plan to open a branch in the east end of the Brass City. By Ronald DeRosa Naugatuck Savings Bank announced Thursday it plans to open a new bank branch in Waterbury this coming spring. Mark C. Yanarella, chairman and CEO ... Naugatuck Savings Bank's new Waterbury branch to open in April |
Oxford Honors Fire Prevention Post Contest Winners - Patch.com
 Valley Independent Sentinel | Oxford Honors Fire Prevention Post Contest Winners Patch.com Town and business leaders: In the back row, left to right, are First Selectman George Temple, Fire Chief and Fire Marshal Scott Pelleiter, Kendra Hoyt of Naugatuck Savings Bank, Candice Kryeger of Webster Bank and Mark Krassner, deputy fire marshal in ... Oxford Fire Prevention Poster Contest Winners Announced |
Who's What, Where - February 2012 - Connecticut Business News Journal
Who's What, Where - February 2012 Connecticut Business News Journal With 21 years of banking experience, Clemens was previously a credit analyst at Darien Rowayton Bank. Deborah Wheelahan has been promoted to executive vice president and chief operating officer at Naugatuck Savings Bank. Wheelahan began working for the ... |
Almanac - Feb 2012 - Connecticut Business News Journal
Almanac - Feb 2012 Connecticut Business News Journal WATERBURY — Naugatuck Savings Bank has announced plans to open a branch office at 3580 East Main Street in Waterbury this spring — the bank's 18 th branch office. “We continue to grow our branch network as we strive to better serve our customers ... |
Principals Talk Alternative School for Struggling Naugatuck Students - Patch.com
Principals Talk Alternative School for Struggling Naugatuck Students Patch.com “I saw a piece of this when some of our toughest students helped build the (Naugatuck Savings) Bank,” Saam said, citing a new bank branch that is now located within the high school's cafeteria. “I never saw that level of commitment with some of these ... |
Demise of Metcalf Paving tied to unproven claims of 'dishonest actions' by ... - Waterbury Republican American
Demise of Metcalf Paving tied to unproven claims of 'dishonest actions' by ... Waterbury Republican American The fighting with the bank got too intense." Naugatuck Savings Bank was Metcalf Paving's largest lender, holding a first mortgage of $1.62 million on the property at 65 Lancaster Drive, as well as an open-ended second mortgage for at least $80000. |
Seymour iPads Team Up With Waterbury Symphony Orchestra - Valley Independent Sentinel
Seymour iPads Team Up With Waterbury Symphony Orchestra Valley Independent Sentinel The project is paid for through grants from the Valley Community Foundation, The Naugatuck Savings Bank Foundation and Timex. The original iPads were purchased through a Katharine Matthies Foundation grant last year. |
Cheshire Bank Employee Charged with Embezzlement - Patch.com
Cheshire Bank Employee Charged with Embezzlement Patch.com By Leslie Hutchison Sarah Kwasinskas, 30, of Naugatuck, was charged on Jan. 10 with embezzlement of bank funds from Naugatuck Valley Savings and Loan on HIghland Avenue. Courtesy CPD A former bank teller at Naugautuck Valley Savings and Loan will face ... |