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What are two advantages to saving money in a Certified Deposite?
Wiki User
∙ 12y ago
Some advantages are:
- Your money is not idle and earns an interest for you
- The interest earned in a CD is much higher than the interest you will earn in your savings or checking account
- You can withdraw your money anytime you want
Wiki User
∙ 12y ago
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What are the requirements to be certified as a money saving expert?
There are no official requirements. Simply being successful in saving one's own money can qualify one as a money saving expert. However, accountants and those who passed an exam as a "Certified Financial Planner" are more in line with the common use of the term.
Advantages of saving money rather than spending it?
Advantages of saving money, rather than spending it would be that when you save it you can then purchase something bigger. Also, if you ever lose a job or something you would then have something to fall back on.
What s the advantage of having a saving bank?
The chief advantages of having a Saving Bank Account are 01) It enables to save money.02) It develops the habit of Saving.03) It enables us to deal less in physical cash.
What are the advantages in saving money in the bank?
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.
Are there advantages to having a Visa Signature card over other credit cards?
The advantages of the visa signature credit card is the ability to redeem points on your purchases. You are essentially saving money while spending it.
What are the requirements to be certified as a money saving expert?
There are no official requirements. Simply being successful in saving one's own money can qualify one as a money saving expert. However, accountants and those who passed an exam as a "Certified Financial Planner" are more in line with the common use of the term.
What are the advantages of saving money in the bank?
There are numerous advantages of saving money in a bank for both the person saving the money and others. a. The money you save earns you interest income b. The money you save is lent out as loans to help out others c. The money you save can be withdrawn at any point in future to help you with your financial needs.
Advantages of saving money rather than spending it?
Advantages of saving money, rather than spending it would be that when you save it you can then purchase something bigger. Also, if you ever lose a job or something you would then have something to fall back on.
What is the money remaining after paying for necessities called?
deposite income
What are some advantages of sun clocks?
it is energy saving as they do not use batteries and there for do not use up your money
What are the advantages of a health care provider using the internet as a research tool?
Saving time, and time is money.
What are the advantages of using computers rather than relying on paper?
computers are better bescause u are saving money on paper
What s the advantage of having a saving bank?
The chief advantages of having a Saving Bank Account are 01) It enables to save money.02) It develops the habit of Saving.03) It enables us to deal less in physical cash.
What are the advantages in saving money in the bank?
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.
What are the advantages of saving pocket money?
The major advantage is the increased amount of money stashed away for an emergency, major purchase, retirement or simply peace of mind. Also, saving pocket money is easy - you empty the money from your pocket at the end of the day and whatever is there goes into savings. This then builds and reinforces a habit of being frugal and saving money, which can help a person build other good financial habits.
What are the advantages of using a home phone service?
There are definitely a number of advantages of using a home phone service. For one, you will definitely be saving money. Also, it is very portable, which is definitely convenient.
What are vending machines use for?
You deposite money or coins into the slot and in return, you receive the food or drink you desired.
