Checking Account
What offers easy access to your money for your daily transactional needs and helps keep your cash secure.
Checking Account
A checking account differs from other ____ accounts.
Bank
What allows you to accumulate interest on funds you’ve saved for future needs.
Saving Accounts
When saving your money, you will be placing money in many different types of savings ___________.
instruments
an expense subtracted from adjusted gross income. Deduction may be compulsory or voluntary.
Deduction
Customers can use a debit card or ______ to make purchases or pay bills.
Checks
Bank Accounts in that it often allows for numerous ___________ and unlimited deposits.
Withdrawals
Interest rates can be compounded on a daily, weekly, monthly, or ______ basis
annual
Including very safe and stable ___________ vehicles.
investments
the amount of income remaining after taxes and available for spending.
Disposable income
Accounts may have different options or ________ to help waive certain monthly service fees.
packages
Whereas savings accounts sometimes limit both ________ and Savings Accounts.
Checking
Savings accounts vary by monthly _______ fees, interest rates.
service.
This is especially true for money that you are going to need in the short-term (as compared to long-term ___________, such as buying a house).
investments
income derived through employment.
Earned income
To determine the most __________ choice, compare the benefits
Economical
Checking accounts can include ________ accounts.
Business
Method used to calculate interest, and minimum opening _______.
deposit
This category includes bank savings accounts and money market ______ funds.
mutual
a direct reduction reducing taxes taken out.
Exemption
Different checking packages with the ________ you actually need.
Services
Student accounts and joint accounts along with many other types of accounts which offer _______ features.?
Similar
Understanding the account’s terms and ________ will allow for a more informed decision on the account best suited for your needs.
benefits
Some of the safest short term investments are?
Saving Accounts
mandatory contributions for social security tax and Medicare tax are deducted from paychecks
Federal insurance contributions act (FICA)