Question: 1. Look online to find the differences between these four types of accounts. a. Traditional Savings Account b. Describe how it works: Can you
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 full answer
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