Bank Savings Accounts
Saving accounts (UK: savings accounts) are accounts maintained by retail financial institutions that pay interestbut cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing acheque). These accounts let customers set aside a portion of their liquid assets while earning a monetary return. For the bank, money in a savings account may not be callable immediately and, in some jurisdictions, does not incur a reserve requirement. Cash in the bank’s vaults may thus be used, for example, to fund interest-payingloans.
The other major types of deposit account are the transactional account (usually known as a “checking” (US) or “current” (UK) account), money market account and time deposit.
Orcutt
Orcutt is an unincorporated town located in the Santa Maria Valley of California, and a census-designated place; it is in Santa Barbara County, California, United States. Orcutt is named for William Warren Orcutt, the manager of the Geological, Land and Engineering Departments of the Union Oil Company. Known as the “Dean of Petroleum Geologists” Orcutt is credited with discovering fossilized prehistoric animal bones preserved in pools of asphalt on the Hancock Ranch. These would be the first of many fossils excavated from the La Brea Tar Pits. In commemoration of Orcutt’s initial discovery, paleontologists named the La Brea Coyote in W.W. Orcutt’s honor, Canis Orcutti.[5]
Orcutt is home to miles of hiking trails in the Orcutt Hills. The trail entrances begin at Orcutt Community Park. http://www.smvos.org/
Orcutt is located close to five federally sanctioned American Viticultural Areas (AVAs) within Santa Barbara County: Ballard Canyon, Happy Canyon of Santa Barbara, Santa Maria Valley, Sta. Rita Hills and Santa Ynez Valley.
There are currently five wine tasting rooms in Old Orcutt: Nagy Wines; Core Wine; Lucias Wine Co; Grevino Wine; and William James Cellars.{ http://www.corewine.com/}
Orcutt is a short drive up highway 135 from “little LA” Los Alamos.
There are several restaurants and shops in Old Orcutt. http://www.oldtownorcutt.org/
Old Orcutt is home to the Orcutt Chalk Festival sponsored by the Orcutt Children’s Art Foundation. This annual festival is always the last Saturday of September and features professional street painting artists working side by side with children artists creating art on the street. http://www.orcuttarts.com/chalk-festival.html