Bank Account Types

Front

What type of bank account is typically used for everyday transactions and does not usually earn interest?

Back

Checking Account

Front

What type of account combines features of both savings and checking accounts, often requiring a higher minimum balance?

Back

Money Market Account

Front

Which account is designed specifically for saving money and typically earns interest?

Back

Savings Account

Front

What type of account is often used by businesses to manage their cash flow and daily transactions?

Back

Business Checking Account

Front

Which type of account is intended for long-term savings and usually has a fixed interest rate and maturity date?

Back

Certificate of Deposit (CD)

Front

What type of account allows for limited transactions per month and typically offers higher interest rates than a regular savings account?

Back

Money Market Account

Front

Which account is specifically designed for minors to help them learn about saving and managing money?

Back

Custodial Account

Front

What type of account is used to save for retirement and often offers tax advantages?

Back

Individual Retirement Account (IRA)

Front

Which type of account is typically used for short-term savings and offers easy access to funds?

Back

Savings Account

Front

An account in which money is kept in a bank or credit union for safekeeping. Money can be easily withdrawn by writing checks or using an ATM or debit card.

Back

Checking Account