Passbook savings accounts provide an alternative to digital accounts by offering hands-on record-keeping and account management. These accounts are not very common or good for maximizing interest.

Passbook loans are secured loans that use your savings account balance as collateral. These loans can be a convenient way to borrow money while rebuilding your credit, as some lenders report ...

But if you prefer a more traditional option, a passbook savings account could be ideal. Read on to learn more about how they work and how to decide if this type of account is right for you.

A passbook loan is a personal loan secured by the balance in a savings account, allowing the account holder to borrow against their own funds while still earning interest on the savings.