1. Look online to find the differences between these four types of accounts. a. Traditional Savings...

 

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1. Look online to find the differences between these four types of accounts. a. Traditional Savings Account b. Describe how it works: Can you write checks or pay bills directly from it? YES NO Describe how it works: Can you write checks or pay bills directly from it? YES NO Typical minimum balance: Online Savings Account Typical minimum balance: Typical interest rate: Can you add to the balance regularly? YES NO Typical interest rate: Can you add to the balance regularly? YES NO C. d. Describe how it works: Can you write checks or pay bills directly from it? YES NO Describe how it works: Can you write checks or pay bills directly from it? YES NO Certificate of Deposit (CD) Typical minimum balance: Money Market Account (MMA) Typical minimum balance: Typical interest rate: Can you add to the balance regularly? YES NO Typical interest rate: Can you add to the balance regularly? YES NO 1. Look online to find the differences between these four types of accounts. a. Traditional Savings Account b. Describe how it works: Can you write checks or pay bills directly from it? YES NO Describe how it works: Can you write checks or pay bills directly from it? YES NO Typical minimum balance: Online Savings Account Typical minimum balance: Typical interest rate: Can you add to the balance regularly? YES NO Typical interest rate: Can you add to the balance regularly? YES NO C. d. Describe how it works: Can you write checks or pay bills directly from it? YES NO Describe how it works: Can you write checks or pay bills directly from it? YES NO Certificate of Deposit (CD) Typical minimum balance: Money Market Account (MMA) Typical minimum balance: Typical interest rate: Can you add to the balance regularly? YES NO Typical interest rate: Can you add to the balance regularly? YES NO

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Differences between accounts a Traditional Savings Account i How it works A traditional savings account is a basic account offered by banks or credit unions where you can deposit and store your money ... View the full answer