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A high yield savings account is more of an investment than a regular savings account. Most people put money into the high yield account without removing it for extended periods of time, so interest can compound. If you're living paycheck to paycheck, or are saving to travel in 6 months, a regular savings account is a much better choice.
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Whats the difference between an orange account and a regular savings account?
An orange account earns high interest, there are no fees attached and you do not need a minimum balance in your account. Most regular savings accounts have a minimum balance and really low interest rates.
What's one difference between a checking account and a savings account?
savings account earns interest.
What is the primary difference between a business and a personal savings account?
A business savings account his connected to a business. While a personal savings account is connected to an indvidual.
What is the difference between a merchant bank account and a regular one?
A merchant bank account is an account that allows customers to pay for purchases with their debit or credit card. A regular bank account is a typical checking or savings account which allows someone to deposit money into or withdraw.
What is the difference between a savings account and a certificate of deposit?
In a regular savings account, the funds are always available for withdrawl. As a result, savings accounts generally have a low rate of interest. A certificate of deposit is an investment for a specific amount of time. The funds are not available until the certificate has matured, therefore, it has a slightly higher rate of interest than a savings account.
WHAT IS A Another name for a regular savings account?
money market account
What is another name for a regular savings account is a?
money market account
How can you split a payment between your savings account and your checking account In the ePay function?
In the ePay function, how can you split a payment between your savings account and your checking account
In the ePay function how can you split a payment between your savings account and your checking account?
In the ePay function, how can you split a payment between your savings account and your checking account
What is an internet savings account?
"They have becomes duds, they use to be savings you can just deposit money in and they will act likes a regular bank account. but now they are gone.So long internet savings."
How are money market savings accounts different from regular savings accounts?
A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.
What is the difference between a normal savings account and nre account?
In normal savings account, you deposit Indian money (rupee) and you can withdraw it in the same indian money. In nre account you can only deposit foreign currency and you withdraw indian currency. you cant deposit indian money in this account
