Question: Please do the implementation in Java. Thanks 1.1 Checking Ac counts A checking account is the most accessible type of bank account, allowing you to

Please do the implementation in Java. Thanks

Please do the implementation in Java. Thanks 1.1 Checking Ac counts A

checking account is the most accessible type of bank account, allowing you

1.1 Checking Ac counts A checking account is the most accessible type of bank account, allowing you to deposit and with- draw money as often as you want. Most checking accounts come with debit cards, which you can use to make purchases and withdraw money from ATMs, as well as paper checks. In addition, most allow you to pay bills electronically. Only some checking accounts earn interest, and many charge fees for maintenance, ATM withdrawals and minimum balance violations. Comparing options can help you find a checking account with the lowest fees and best terms for your situation. 1.2 Savings Accounts A savings account allows you to earn interest on your deposits, and are good tools for emergency funds or for keeping money you otherwise don't want to spend right away. They don't come with debit cards, and there is usually a limit to the number of withdrawals you can make per month. Savings accounts differ in interest rates, method of compounding interest, service fees and minimum opening deposits, so search for the one that's right for the amount of money you plan to save and how you intend to use the account As with other types of bank accounts, a bank may assess various fees on savings accounts, such as minimum balance fees 1.3 Money Market Accounts These accounts earn more interest than savings accounts, but they require a higher minimum balance, usually between S5,000 and S10,000. Additionally, there is no fixed interest rate for money market accounts: Instead, the interest rate varies based on money markets. Some offer the option of checks, but there is often a minimum check amount and a limit to the number of checks you can write each month. The number of withdrawals allowed is also limited

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