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What else can I help you with?
What does a CD savings account do for me?
A CD savings account might earn money for you. This type of savings account earns interest for the person who purchases the CD.
Why does a savings account make a better investment than a checking accounts?
Savings accounts earn interest.
What happens to the money that you deposit in a savings account at a bank?
When you deposit money in a savings account at a bank, the bank uses that money to make loans to other customers and earn interest. In return, the bank pays you interest on the money you have deposited in your savings account.
What is a compound interest savings account?
Its where your savings account earns interest on the interest.
Which type of interest will earn you more money in a savings account?
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A What is the money called that you earn on a savings account?
interest
Does BB and T checking account earn interest?
No, only their savings account accrues interest.
What does a CD savings account do for me?
A CD savings account might earn money for you. This type of savings account earns interest for the person who purchases the CD.
Why does a savings account make a better investment than a checking accounts?
Savings accounts earn interest.
Are US citizens taxed on how much they have in their savings account or taxed just on the amount of interest they earn from the savings account?
They are only taxed on the interest. The money in the account should have already had its tax paid as income.
What happens to the money that you deposit in a savings account at a bank?
When you deposit money in a savings account at a bank, the bank uses that money to make loans to other customers and earn interest. In return, the bank pays you interest on the money you have deposited in your savings account.
What is a compound interest savings account?
Its where your savings account earns interest on the interest.
Why would you want to start a savings account?
A savings account is a great way to store your money safely and have access to it regularly as well. You savings also earn interest witch helps you earn more money over time.
Which type of interest will earn you more money in a savings account?
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How do you use earn in a sentence?
I used to be earning a much higher interest rate in my savings account
How does interest bearing savings account work?
All Savings accounts earn interest. Here, you deposit money from your earnings into this account. The bank utilizes this money to grant loans and earn a profit out of it. But, in case of a savings account, you can withdraw the money anytime you want and the bank cannot effectively utilize this money for making profits. So they give you only a lower interest rate.
How does a interest bearing savings account work?
All Savings accounts earn interest. Here, you deposit money from your earnings into this account. The bank utilizes this money to grant loans and earn a profit out of it. But, in case of a savings account, you can withdraw the money anytime you want and the bank cannot effectively utilize this money for making profits. So they give you only a lower interest rate.
