4 types of savings accounts
[DOC File]Savings and Checking
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Choose one bank or credit union and research its options for savings accounts. Complete the chart below based on the terms of that bank or credit union’s accounts. Note: If the bank offers multiple products in the same category (ex: two tiers of MMA or CDs at 10 different time intervals) just record answers for ONE of the options.
[DOC File]6 - mel3e and mel4e
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2. A. Savings Accounts. Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money. These accounts let customers set aside a portion of their liquid assets while earning a monetary return. Below are different types of savings accounts. Bank Savings Accounts:
[DOC File]TYPES OF SAVINGS
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Unit 4 – Lesson 3: Types of Savings. ... Savings Accounts. You simply _____ your money at the bank, and they give you _____ on your money. Usually there is no monthly charge. BUT there are usually transaction _____ You can withdrawal your money anytime. The interest rate is _____ than a checking account ...
4 Savings Accounts for Investors
Savings Account . A bank account which pays interest on the money deposited. Banks offer a variety of savings accounts which usually do not charge a monthly fee, however it is common to pay transactions fees. They do pay more interest than chequing accounts. Like chequing accounts, you have ready access to your money.
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