Accounts
What is a savings account
A secure bearing deposit account held at a bank or credit union that allows you to store money and earn interest
What is a checking account
A bank account designed for everyday money management, offering high liquidity for frequent deposits
what is CD (Certificate of Deposit)
A safe low risk savings account offered by banks or credit unions that pays a fixed interest rate on a lump-sum deposit for a set period
What is 401(K)
A employer-sponsored retirement savings plan that allows employees to invest a portion of their paycheck for long term retirement savings