Savings deposits are the balances that customers keep in savings accounts. They earn interest, and the bank may limit how often money can be taken out or ask for notice before a large withdrawal. They sit between current deposits, which are used for everyday payments, and fixed deposits, which are locked for a set term. The full explanation of how these accounts work is on the Savings Account page.
In banking statistics, savings deposits are one category of bank deposits. In Pakistan they are usually the largest share of deposits held with scheduled banks, and the State Bank of Pakistan has set a minimum profit rate that banks must pay on conventional savings deposits, linked to its policy rate. Savings deposits count towards broad money (M2).