2. Savings Accounts Are accounts maintained by retail: Financial institutions That pay interest but cannot be used directly as money. (For example, by writing a cheque). These accounts let customers set aside a portion of their liquid assets while earning a monetary return.
3. Checking Accounts Is a service provided by financial institutions (banks, savings and loans, credit unions, etc.) which allows individuals and businesses to deposit money and withdraw funds from a federally-protected account. The terms of a checking account may vary from bank to bank, but in general a checking account holder can use personal checks in place of cash to pay debts. He or she can also use electronic debit cards or ATM cards to access individual accounts or make cash withdrawals.
4. Mortgages Mortgage may refer to: Mortgage loan A loan secured by a mortgage on real property. Mortgage A security interest on real property granted to a lender, as in Mortgage law. The mortgage document (deed) Hypothec
5. Certificates Of Deposit A Certificate of Deposit or CD is : Time deposit A financial product commonly offered to consumers by: Banks thrift institutions credit unions
