What is investment account?

Answer 1

If you invest your money your money can work for you and your money will earn an income on its own and grow. Thus your money will go further.Investment work like a bank account and pay a return on an amount invested, a saving account is a type of investments as the interest paid on money in the account makes you money grow.

Investment accounts are those which earn a higher rate of return than normal bank accounts but have other disadvantage e.g. Higher fees when removing funds or a delay on removing funds.

Term deposits: you give bank or finical institution your money from a period of time or term in which time you can't access you money.

At call: you can continually deposit money into high interest this type of account by must wait baring account couple of days before you can remove your money.