ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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checkbook
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budget
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bank
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deposit
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Detailed explanation-1: -A savings account might come across as just a place to keep your money, but it is fundamental. It is also one of the safest ways to invest and store your money.
Detailed explanation-2: -Certificate of Deposit (CD) You cannot touch your money during that term. A term can range anywhere from three months to five years (60 months). In return for not having access to your money, you earn a higher interest rate than you would with just a savings account.
Detailed explanation-3: -Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Deposit insurance for savings accounts covers $250, 000 per depositor, per institution, and per account ownership category. More items
Detailed explanation-4: -JPMorgan Chase. U.S. Bank. PNC Bank. Citibank. Wells Fargo. Capital One. M&T Bank Corporation. AgriBank. More items
Detailed explanation-5: -Higher-Yield Money Market Accounts. Certificates of Deposit. Credit Unions and Online Banks. High-Yield Checking Accounts. Peer-to-Peer (P2P) Lending Services.