28th Feb 2011 by admint
There are two basic types of savings accounts. Passbook Account. With a passbook savings account, the bank gives you a booklet that you use to record deposits, withdrawals, and the interest. High Yield Savings Account. These types of savings accounts are also FDIC-insured. The higher the balance that you maintain in the account, the higher interest rate the bank is usually willing to give you.
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