Types of Savings Accounts

Front

Can access money when certificate matures.

Back

Certificate of Deposit

Front

Juan saved $1,000 from his summer job cleaning pools. Which of these savings vehicles would work best for him if he doesn't need access to the money for a number of years AND wanted to earn the highest interest rate? Regular savings account, Money Market account, Checking account, Certificate of Deposit

Back

Certificate of Deposit

Front

Which of the following will give you a higher interest rate: Traditional Savings Account or Money Market?

Back

Money Market

Front

Can access money at anytime as long as you stay above minimum balance

Back

Money Market

Front

Low to no fees, but limited withdrawals per month

Back

Traditional Savings Account

Front

High interest rate and a high minimum deposit

Back

Money Market

Front

High interest rate, but money must stay in the account for a certain amount of time

Back

Certificate of Deposit

Front

Higher interest rate due to lower expenses

Back

Online Bank Savings Account

Front

No or low minimum balance required

Back

Online Bank - Savings Account

Front

You can take money out of your savings account at a local bank each month as often as you would like without any fee?

Back

False