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Ordinary savings are only simplified savings with a base low interest paid on set volume table of value for money invested and a schedule time that interest is paid. This interest if generates revenue is fully taxable. It maybe set for landmark time or a continuous exercising occur in interest earnings. The investment is usually very low risk and may or may not be backed by FDIC insurance pending the provider. In most case investment withdraw may not be restricted at any time or the time frame permit to withdraw reasonable and low penalty or risk. The risk of decline is seldom.

Unlike various specialized savings investments that may have other incentives like non taxable upon interest earnings or other investment incentives with higher returns yet a greater risk and this risk may also follow suite with other factors such as following other investments such as index funds or Stock Market trading. Which the rate of return constantly fluctuates either high or low - the ability to withdraw may enforce penalties or restrictions also providing risk of not able to recover or salvage investments if losses or declines happen.

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11y ago
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11y ago

Different way of doing and saying thing regarding the issue in hand

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Q: What does ordinary mean?
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