Use this Page to fill in your notes page on Savings Accounts.
Savings Accounts -
- earn 2-3% in interest
- money is accessible, usually by going to bank to withdraw
Certificates of Deposit (known as CD's)-
- earn 3-6% in interest
- money must stay in bank for time period of CD, penalty for early withdrawal
- the longer you keep in bank, the higher the interest rate
Money Market Account -
- similar to Savings account, with the ability to write a check to make a withdrawal
- earn 2-3% interest
Turn Your paper over and READ the top section on Risk vs. Reward. When done reading, go here to fill in the triangle.
Savings Calculators