Savings

A sum of money paid or charged for the use of money or the borrowing of money is called (a)   .

A ____________ is a savings account that holds a fixed amount of money for a fixed period of time such as six months, a year, or more.

(a)   interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest.

The money one has saved, especially through a bank or investment plan; the portion of current income not spend on consumption.

(a)  

A(n) (a)   fund is money set aside for unanticipated expenses or loss of income. Experts belief one should save 3-6 months worth of spending.

What corporation protects US banks against failure by insuring up to $250,000?

A method of saving whereby you put a fixed amount of income into a savings account before you pay monthly bills or make purchases.

A(n) _______________ is account similar to a traditional savings account but that typically pays higher interest, requires a higher minimum balance, limits withdraws, and may allow check writing

The ______________ is the total money you earn in interest over a year, expressed as a percentage of your total balance

A(n) _________ account is a bank account that earns interest.