Additional Accounts You May Wish to Consider
In addition to your checking account, you may also wish to consider other types of accounts such as
savings, money market, CDs, etc. The interest rates are the lowest on regular savings accounts.
They are usually higher on money market, C.D and other special accounts. Some have limits and
withdrawals before specified dates may impose penalties. Some are more liquid and a limited
number of checks can be drawn on the account without penalty as long as you maintain a minimum
balance. The earnings are usually proportionate to the length of time for which your funds are
committed.
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