Ads
related to: what does savings account mean
Search results
Results From The WOW.Com Content Network
Savings accounts are available mainly at federally-insured banks and credit unions, providing a secure means to store your money while earning a small to moderate amount of interest.
A savings account stores your money for a later date, such as an emergency fund or a savings for a down payment. Unlike a checking account, which is designed for frequent withdrawals and direct ...
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, ...
Deposit accounts can be savings accounts, current accounts or any of several other types of accounts explained below. Transactions on deposit accounts are recorded in a bank's books, and the resulting balance is recorded as a liability of the bank and represents an amount owed by the bank to the customer. In other words, the banker-customer ...
A certificate of deposit (CD) is a time deposit sold by banks, thrift institutions, and credit unions in the United States. CDs typically differ from savings accounts because the CD has a specific, fixed term before money can be withdrawn without penalty and generally higher interest rates.
Saving means keeping your money in secure accounts like high-yield savings or certificates of deposits, where you’ll earn modest but guaranteed returns that currently range between 4% to 5% APY ...