Bank Investment Accounts, from Life in the USA: The Complete Guide for Immigrants and Americans

Life in the USA is a complete guide to American life for immigrants and Americans. All materials on this site Copyright © Elliot Essman 2007. All rights reserved.    Home    Back    Next

Life in the USA
Personal Finance
Banks

Bank Investment Accounts
Banks also offer investment accounts like money markets and certificates of deposit. These accounts may pay higher interest rates than passbook savings, but in exchange they have higher minimum balances and tie up your money for specific periods of time in order to offer you the higher rates.

Next Section: Check Cashing Stores

Personal Finance: Chapter Home

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