Interest credited to a bank savings account is taxed regardless of whether or not it is withdrawn.

Name: Interest credited to a bank savings account is taxed regardless of whether or not it is withdrawn.
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Interest earned on savings accounts is subject to income tax whether or not it is withdrawn from the account. The bank will provide a 1099-INT form to report the interest earned to the account holder and the IRS.

Interest Credited to a Bank Savings Account Is Taxed Regardless