Thread Starter: Dan Persfull
Title: Re: DDA question
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As others stated read the agreement. I don't recall ever seeing a savings account agreement without a 7 day notice clause in it.
When would a regular savings account not be available on demand?
You have $150,000 in your savings account. You see a new truck you want to pay cash for and you want to withdraw $75,000 from your savings. The bank most likely will exercise the advance notice clause so they can arrange to have the cash on hand at the particular branch where you are wanting to make the withdrawal.
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