Washington Assigned Savings Account (WAS) is a type of savings account offered by the Washington State Department of Financial Institutions. It is designed to help Washington families save for future goals such as college, retirement, or other long-term investments. It offers a safe and secure way to save your money with FDIC insurance up to $250,000 and a competitive interest rate. There are three different types of WAS accounts available. The WA Savings Account is the basic account with no monthly service charge and no minimum balance requirement. The WA Savings Plus Account offers higher interest rates and includes additional features such as free online banking and mobile banking. The WA Savings Max Account is the premium account with a higher interest rate, free online banking and mobile banking, and access to a financial advisor.
Washington Assigned Savings Account
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FAQ
An assignment of a savings account is similar to cash deposit in that the Forest Service may draw funds from the savings account up to the amount stated in the agreement.
If you don't need access to some of your savings for a few years, Jarell says a Series I bond may be a better option than a savings account because it offers a higher rate of return.
Types of savings accounts Regular savings account: earns interest and offers quick access to funds. Money market account: earns interest and may provide check-writing privileges and ATM access. Certificate of deposit, or CD: usually has the highest interest rate among savings accounts, but no access to funds.
Take a look at these seven different types of savings accounts to find the best place to keep your money. Traditional Savings Account.High-Yield Savings Account.Certificates of Deposit (CDs)Money Market Accounts.Savings Bonds.Cash Management Account.Health Savings Accounts (HSAs)
Assigned Bank Account means available Dollars in or credited to any Deposit Account of the Borrower held at a bank in the United States which has signed a Control Agreement in respect of such Deposit Account, and which Deposit Account is subject to a perfected first priority lien in favor of the Administrative Agent,
An assignment of funds is created by depositing the stated amount of money in a savings account with a guarantee from the financial institution that the account will remain intact until release is authorized by the county. Interest earned on the account is the property of the customer.