Checking Accounts
This type of account is used for everyday spending and bill payments.
What is a checking account?
This account is designed to help you store money and earn interest.
What is a savings account?
A CD is a savings tool that locks your money for a set period in exchange for this.
What is a higher interest rate?
This account combines features of savings and checking accounts.
What is a money market account?
This is the most well-known cryptocurrency.
What is Bitcoin?
This item is used to withdraw money or make purchases from a checking account.
What is a debit card?
The money you earn from keeping funds in a savings account is called this.
What is interest?
If you withdraw money from a CD early, you may pay this.
What is a penalty?
Money market accounts often require this to open or maintain.
What is a higher minimum balance?
Cryptocurrency is stored in this digital tool.
What is a wallet?
This fee may be charged if you spend more than what’s in your account.
What is an overdraft fee?
This federal agency insures savings accounts up to a certain amount.
What is the FDIC?
CDs typically offer higher interest rates than savings accounts because of this.
What is limited access to funds?
These accounts may offer higher interest rates than regular savings accounts.
What are money market accounts?
This technology records crypto transactions securely.
What is blockchain?
This feature allows automatic payments from your checking account.
What is direct deposit or auto-pay?
This type of interest is calculated on both the principal and the accumulated interest.
What is compound interest?
The time your money must stay in a CD is called this.
What is the term or maturity period?
You can usually write checks from this type of savings account.
What is a money market account?
Unlike traditional money, cryptocurrency is not backed by this.
What is a central government or bank?
This document shows all transactions in your checking account.
What is a bank statement?
This is the recommended percentage of income to save monthly.
What is 20% (or varies by budgeting method)?
CDs are considered this type of investment due to their low risk.
What is conservative or low-risk?
Money market accounts are insured by this federal agency.
What is the FDIC?
This term describes the unpredictable changes in crypto value.
What is volatility?