• A savings account typically refers  to an account in which one places  money to earn a small amount of  interest.• NOTE:...
Why do people               save money?• For emergencies• For Retirements• For a Down Payment for a House• for Vacations a...
Passbook          Statement   Saving             Saving  Account            AccountTime Deposits                  Money Ma...
1-Passbook savings account  • Passbook savings account    is the savings account    where all record of credits    and deb...
• Passbooks are routinely updated  with the necessary information by  the bank. This type of account is  well suited for t...
2- Statement Savings account• A savings account statement  comes usually on a basic savings  account. It will tell you wha...
• Savings account statements will  usually be sent to the account  owner quarterly. The statement  will show beginning bal...
3- Money market deposit accounts• Is A savings account which shares some of  the characteristics of a money market  fund. ...
• Money market deposit accounts are  usually managed by banks or  brokerages, and can be a convenient  place to store mone...
3-Time deposit• Is a Savings account or CD held in a  financial institution, usually a bank,  for a fixed term or with the...
Certificate Of Deposit - CD• A certificate of deposit is a  promissory note issued by a bank. It  is a time deposit that r...
•                     For you purchase a $10,000 CD               lets say that                              example      ...
Money Market vs. Certificate of            Deposit• Although both can be useful, for those who  need access to their capit...
Done By:-Ansam AmirNoha Ghonim
Economics project (saving acccounts)
Economics project (saving acccounts)
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Economics project (saving acccounts)

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Information about saving accounts :)

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Economics project (saving acccounts)

  1. 1. • A savings account typically refers to an account in which one places money to earn a small amount of interest.• NOTE: to wisely save your money, You need to shop around for a savings account that offers the best interest rates.
  2. 2. Why do people save money?• For emergencies• For Retirements• For a Down Payment for a House• for Vacations and Other LuxuryItems• For education• For New car
  3. 3. Passbook Statement Saving Saving Account AccountTime Deposits Money Marketor certificates Deposit of deposits Account
  4. 4. 1-Passbook savings account • Passbook savings account is the savings account where all record of credits and debits, including deposits, withdrawals, and interest, are recorded on a passbook usually kept by the account holder.
  5. 5. • Passbooks are routinely updated with the necessary information by the bank. This type of account is well suited for those depositors who transact infrequently on their account and who dont have a need for a monthly statement.
  6. 6. 2- Statement Savings account• A savings account statement comes usually on a basic savings account. It will tell you what transactions have taken place on that account within a certain period of time.
  7. 7. • Savings account statements will usually be sent to the account owner quarterly. The statement will show beginning balance, any deposits and withdrawals, interest earned and ending balance.
  8. 8. 3- Money market deposit accounts• Is A savings account which shares some of the characteristics of a money market fund. Like other savings accounts, money market deposit accounts are insured by the Federal government. Money market deposit accounts offer many of the same services as checking accounts although transactions may be somewhat more limited
  9. 9. • Money market deposit accounts are usually managed by banks or brokerages, and can be a convenient place to store money that is to be used for upcoming investments or has been received from the sale of recent investments. They are very safe and highly liquid investments, but offer a lower interest rate than most other investments. also called money market account.
  10. 10. 3-Time deposit• Is a Savings account or CD held in a financial institution, usually a bank, for a fixed term or with the understanding that the customer can withdraw only by giving advanced notice.• The term generally is at least 30 days.
  11. 11. Certificate Of Deposit - CD• A certificate of deposit is a promissory note issued by a bank. It is a time deposit that restricts holders from withdrawing funds on demand. Although it is still possible to withdraw the money, this action will often incur a penalty.
  12. 12. • For you purchase a $10,000 CD lets say that example with an interest rate of 5% compounded annually and a term of one year. At years end, the CD will have grown to $10,500 ($10,000 * 1.05).CDs of less than $100,000 are called"small CDs"; CDs for more than$100,000 are called "large CDs“or "jumbo CDs". Almost all large CDs,as well as some small CDs, arenegotiable.
  13. 13. Money Market vs. Certificate of Deposit• Although both can be useful, for those who need access to their capital, money markets are far superior. Many brokerage houses automatically sweep their customer’s uninvested cash into money markets to earn interest between investments. This is the ideal solution if you regularly invest because the funds can be used immediately topurchase stocks, bonds,or mutual funds.
  14. 14. Done By:-Ansam AmirNoha Ghonim

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