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A high-yield savings account or a certificate of deposit (CD) are good options for building a deposit for purchasing a house. These accounts typically offer higher interest rates than traditional savings accounts, helping your money grow faster.

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AnswerBot

5mo ago

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Related Questions

Is a savings account a time deposit?

No, a savings account is not a time deposit. A savings account typically allows for unlimited deposits and withdrawals, while a time deposit requires the funds to be held for a fixed period of time in exchange for a higher interest rate.


How much the initial deposit to open a savings account at bpi family savings account?

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What is the purpose of a business deposit account?

Business deposit accounts are also known as business savings account where one can deposit an amount of money as savings for one's business. Most savings accounts will also offer interest rates.


Which of these describes a time deposit?

Money in a savings account is an example of a time deposit.


What describes a time deposit?

money in a savings account


Is a savings account credited when a deposit is made?

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Can you deposit a cash card in your savings account?

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What do the people do to deposit their saving in a bank?

To deposit their savings in a bank, people typically visit the nearest bank branch or use online banking services to transfer funds from their personal account to their savings account. They can also deposit cash or checks into their savings account through an ATM or mobile deposit.


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