Tuesday, February 20th 2018

Question

What are the different types of deposit accounts available?

Interesting Question?   (3)   (6)



Answers (1)

28th Feb 2011 by admint

Savings accounts allow you to store your money in the bank and be paid a small amount of interest. Checking accounts are the most liquid of the banking accounts because you can write checks to transfer money out of the account. Certificates of deposit are a type of account that requires the account holder to put money into account for a specified period of time in exchange for a guaranteed rate of return. Money market deposit accounts are similar to savings accounts. However, they usually pay higher interest rates because they have higher minimum account balance requirements.



Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



9th Dec 2009 In Banking 1 Answers | 440 Views
Subjects: deposit accounts,

Answer This Question / Give Your Opinion
What are the different types of deposit accounts available?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
Compare 401k vs sep?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
Compare 401k vs sep?
Unanswered Questions in Banking
What do you need to open up a bank account in Malawi?
What do you need to open up a bank account in Libya?
What do you need to open up a bank account in Denmark?
Which are the major banks in Cayman Islands?
What do you need to open up a bank account in Ethiopia?

Answered Questions in Banking
Which banks are failing?
What is a certified cheque?
How to get out of overdraft fees?
What is the difference between a personal loan and car loan?
Which bank has the most atms in the world
Ask A Question
Get opinions on what you want to know:
Specific to any country?