Savings Account
The growth of money inside of a savings account
What is interest
Highest liquidity of a Bank account
What is a checking accounts
Allows your paycheck to go directly into you checking account
What is Direct Deposit
This is linked to a checking account
What is a debit card
Online banking is when you use what
What is a Banking App
It is not a good idea to put your savings here
What is a checking account
Put money here just in case of something unexpected
What is Emergency Savings
You can with draw money from you checking account with these
What is an ATM
a green piece of paper used as currency
What is the U.S. Dollar
Online banks allow you to make it so it will
What is Automatically pay your bills
interest adding on to interest
what is compound interest
Second most liquid account
What is a savings account
Can be used instead of cash withdraws strait from your checking account
What is a debit card
small flat pieces of metal used less commonly by U.S. citizens
What is cents
A method of online banking is
P2P
a specific amount of cash required to open up a savings account
What is a minimum deposit
A method of using your money
What is a budget
Bank requires a small fee and adds something to protect you from over withdrawing from your account
What is overdraft protection
A card that usually has a limit but is not linked to a bank account
What is a credit card
A type of insurance that protects the money inside of your bank accounts
FDIC insurance
A savings account is used as a way to keep up with
What is Inflation
highest interest but lowest liquidity
What is Certificate of Deposit
Checking accounts rarely have this
What is interest
A specified written amount of cash on this can be withdrawn or deposited
What is a check
You can apply for one of these at a bank or and online bank and they charge interest monthly
What is a loan