6.4 Where to Save

An account that earns a little interest an dis good for storing your $$ for future purchases...

• Checking Account

• Savings Account

• Money Market Account

• Certificate of Deposit

An account that usually pays higher interest, but locks your $ away for a set period of time.

• Certificate of Deposit

• Checking Account

• Money Market Account

• Savings Account

An account that is great for spending money. It doesn't pay interest, but comes with a debit card.

• Checking Account

• Money Market Account

• Savings Account

• Certificate of Deposit

An account that pays higher interest and sometimes comes with a checkbook. However typically requires you to have a high minimum ($5,000-$10,000)

• Money Market Account

• Checking Account

• Savings Account

• Certificate of Deposit

Which account is the MOST liquid?

• Checking

• Savings

• Money Market

• Certificate of Deposit

Which of these is the LEAST liquid?

• Certificate of Deposit

• Money Market

• Checking

• Savings