Overview

savings


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Money set aside by individuals, either for some special purpose or to provide an income at some time in the future (often after retirement). Money saved can be placed in a savings account with a bank or building society or an Individual Savings Account (ISA), invested in National Savings, or used to purchase securities. Savings are also used to buy pensions, annuities, and endowment assurance.

Subjects: Financial Institutions and Services.


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