What Is the Difference Between a Regular Savings Account and Joint Savings Account?

Savings account	Joint Account
This account is only for one individual for earning interest, making transactions and more.	It’s a type of savings bank account. Here, there can be 2 or more account holders. You can open this account along with your parents, husband, children or business partners.
To open this account you only need to provide the details of the account holder (single individual)	To open this bank account you would require the details of all the account holders.
No one except for the account holder has the right to operate the savings account.	All the account holders have equal rights of operating the bank account. No permission is required from other account holders for the same.
With this account it becomes easier to manage your own income and expenses.	With a joint account, you along with the other account holders can manage the income and expenses together

Learn more about joint savings account in the next section.