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Savings Options, Features, and Plans
Savings Options
Regular Savings Account
An account with low interest, but high liquidity. ...
Good points: high interest
Bad points: low liquidity
Money Market Account
A combination savings-investment plan. ...
Selecting a Savings Plan
Liquidity
How quickly you can turn savings into cash when you want it. ...
Money market accounts and savings accounts are good for high liquidity. ...
Saving Regularly
Direct Deposit
Employers and financial institutions offer the direct deposit of –paychecks into bank accounts
You can either take part or all of your direct deposit and put it into your savings account.
Approximate Word count = 474
Approximate Pages = 1.9
(250 words per page double spaced)
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