A savings account refers to a RMB savings account opened by a natural person in the name of a natural person with a valid personal identity document in a bank savings institution. Its main purpose is to obtain interest income. Extended information: the main variety of demand savings refers to individuals depositing RMB funds into bank savings institutions with no fixed term. Individuals can renew or withdraw at any time with the certificate issued by the savings institution, and the deposit and withdrawal amount is not limited. Lump sum deposit and withdrawal refers to the local and foreign currency deposits that the customer and the bank agree to deposit the principal in one lump sum and withdraw the principal and interest in one lump sum at maturity, or require the bank to automatically transfer it according to the original deposit period. Lump sum deposit and withdrawal refers to the deposit method in which the deposit period is agreed at the time of opening an account, the principal is deposited in installments, and the principal and interest are withdrawn in one lump sum at maturity. Its characteristic is monthly deposit, and the monthly deposit amount is fixed, which is suitable for people with fixed income every month but little savings. If there is any omission in the middle of zero-sum withdrawal, it shall be made up in the next month. If you don't make up for it, it will be regarded as a breach of contract. Interest on the part deposited after default shall be calculated according to the current interest rate at the time of withdrawal. "lump-sum deposit and withdrawal" refers to a kind of regular savings in which individuals deposit a large amount of RMB funds at one time, gradually withdraw the principal on an average basis, and withdraw interest at maturity. "Living two stools" means that an individual deposits the principal in RMB at one time, and pays all the principal and interest at one time when withdrawing, with no agreed time limit. When the number of deposit days reaches or exceeds the corresponding deposit period (the longest deposit period is one year), the interest rate will be determined by a certain percentage downward according to the interest rate grade of the time deposit period listed on the withdrawal date, and interest will not be calculated by stages. If the deposit days do not reach the minimum deposit period of lump-sum withdrawal, the interest will be calculated at the current interest rate listed on the withdrawal date. Deposit and interest withdrawal refers to a deposit in which the principal is deposited in one lump sum, the interest is withdrawn by installments, and the principal is withdrawn at maturity. Notice deposit refers to the deposit method in which the depositor does not agree on the deposit period, but must notify the bank in advance to agree on the withdrawal amount and date. No matter how long the actual deposit period is, notice deposits can be divided into 1 day notice deposits and 7-day notice deposits according to the length of advance notice of depositors. The characteristic of this kind of deposit is that if you have a lot of short-term idle funds, you can get higher interest income on the basis of maintaining liquidity. The last one is education savings, which refers to preferential savings provided only to students above grade four (including grade four) in primary schools. When opening an account, the depositor shall agree with the bank on a fixed monthly deposit amount and deposit it in installments. If there is any omission on the way, make it up next month; If the deposit is not replenished, it will be regarded as a breach of contract, and the part deposited after the breach of contract will be regarded as deposit interest rate interest, and the income tax on savings deposit interest will be levied. At the time of withdrawal, you can enjoy the exemption of interest rate and interest tax stipulated by the state by drawing the principal and interest in one lump sum with the passbook and the identity certificate of non-compulsory education students provided by the school (which must be valid in the current year, and one certificate can only enjoy one interest rate concession).