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For which type of bank savings account are you investing money for a certain period of time?
Wiki User
∙ 8y ago
These accounts are known as Money Market Accounts.
Wiki User
∙ 8y ago
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What is a savings or deposit account?
It is a bank account where a person will make regular, monthly savings to build up capital. The savings or deposit account will not normally come with a card or cheque book and the savings in it will attract a higher rate of interest than a normal bank account. However you lose this high rate of interest if you withdraw your money suddenly or before a certain period,
What are saving accounts for?
Savings account are aimed towards mobilising small savings from general public. There are certain restrictions regarding the number of withdrawals and the amount to be withdrawn in a particular time period.
What is a or s account?
It is a bank account where a person will make regular, monthly savings to build up capital. The savings or deposit account will not normally come with a card or cheque book and the savings in it will attract a higher rate of interest than a normal bank account. However you lose this high rate of interest if you withdraw your money suddenly or before a certain period,
Can you tell me how to get I bonds?
Mutual funds are monies put into an account similar to a savings account. However, you must leave the monies in the fund for a certain period of time for you to make any interest money on it
Where can I get information on how to buy a bond?
Mutual funds are monies put into an account similar to a savings account. However, you must leave the monies in the fund for a certain period of time for you to make any interest money on it.
What is a dormant savings account?
A savings account that has had no deposits or withdrawals (account owner initiated transactions) for an extended period - usually a year. After an extended period of time dormant accounts are seized by the states they are in under "unclaimed property" laws. They "hold" them for you.
What is mutual funds in the industry of finance.?
Mutual funds are monies put into an account similar to a savings account. However, you must leave the monies in the fund for a certain period of time for you to make any interest money on it.
What are some good online discount travel sites?
Mutual funds are monies put into an account similar to a savings account. However, you must leave the monies in the fund for a certain period of time for you to make any interest money on it.
What can you do with a IRA CD?
One way of investing is an IRA CD. It pays a high rate of interest, more so than a savings or money market account. This is because you are letting the bank or credit union use the funds for a longer period of time.
Which of these is a type of savings account that is designed to accrue interest for a specific period of time?
certificate of deposit
Which is a type of savings account that is designed to accrue interest for a specific period of time?
certificate of deposit
How can I help set my saving goals for a month without spending all my money?
Mutual funds are monies put into an account similar to a savings account. However, you must leave the monies in the fund for a certain period of time for you to make any interest money on it.
