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TeachMeFinance.com - explain statement savings statement savings -- a type of savings account in which the customer's record of account activity is contained in statements mailed to the customer each month (or at some other stated interval). The statement lists all account action -- deposits, withdrawals, interest postings and fees -- occurring within a specified period. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.