Personal Finance Banking

Amount you earn as benefit of depositing money in an interest bearing account

• inflation

• interest

• principle

• Rule of 72

Rate at which price of goods increases and consumer purchasing power decreases

• deflation

• interest

• inflation

• compound interest

Automatic electronic deposit of net pay to employee's bank account

• FDIC

• standard deposit

• Certificate of Deposit

• direct deposit

US corporation insuring deposits in US banks against bank failure

• CD

• FDIC

• Rule of 72

• HSA

Original amount of money saved or invested

• principal

• deposit

• emergency fund

• direct deposit

Popular trick to find out how long it will take for your money to double

• Rule of 12

• Rule of 24

• Rule of 36

• Rule of 72

Interest paid on the principal alone

• interest

• simple interest

• compound interest

• inflation

Account in which you can save pre-tax dollars to pay for out-of-pocket health care expenses

• Flexible Spending Account FSA

• Health Savings Account HSA

• money market account

• 401K

Interest paid on both the principal amount and any interest already earned

• simple interest

• principal

• interest

• compound interest

Savings account, typically offering higher interest rates and handled entirely online with no physical branch

• Health Savings Account HSA

• Flexible Spending Account FSA

• online savings account

• money market account