Savings Account
What is Interest
the price you pay to borrow money or the return earned on an investment
how does a checking account work
Customers can typically use a debit card or checks to make purchases or pay bills
what is a credit card
a physical payment card that allows you to get credit from a financial institution
how do you make money
getting a job
what are columns
when the boxes go up and down
what is a savings account
An account where you put money in and it gains intrest
what is a overdraft
a deficit in a bank account caused by drawing more money than the account holds
what is a debit card
A debit card lets you spend money from your checking account without writing a check
how can you invest money
stocks or crypto currency
what are rows
what is a cash deposit fee
Banks set restrictions on the amount of cash you can deposit each month if you go over you get a fee
What is an individual checking account
it offers easy access to your money for your daily transactional needs and helps keep your cash secure
what is a APR
a measure of the interest rate plus the additional fees charged with the loan
how do you save money
put it in a savings account
what is a cell
a single box you type in
what is a minimum balance
the minimum amount of money needed in a bank account to avoid any fees
how are the Funds in a checking account accessed
with a check, at an ATM or through electronic debits
what is a credit score
a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports.
how do you stay out of debt
earn money and budget
what is a spreadsheet
an electronic document in which data is arranged in the rows and columns of a grid and can be manipulated and used in calculations
how does a savings account work
the bank pays you compounding interest just for keeping funds in your account
what is the difference between a checking and savings account
checking accounts are primarily for accessing your money for daily use while savings accounts are primarily for saving money
why do people use debit cards
because they take money out of you checking account immedately
buy things
how do you easily add totals
autosum