Summary of Deposit Accounts
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Summary of Deposit Accounts
While not a high-yield investment opportunity, deposit accounts at savings institutions can play an important role in your investment strategy. Deposit accounts provide a high degree of security and liquidity and can be a good temporary holding place to protect or accumulate investment funds. Further, today’s central asset accounts let you combine investment opportunities with traditional financial institution services for the convenience of one-stop financial management.
Practical Ideas I Can Start with Today
- Estimate how much I can earn from a savings plan. Use this calculator.
- Set up a money market or other deposit account to hold money.
What you have learned
- What Types of Deposit Accounts Are Available?
- What Are the Advantages and Disadvantages of Deposit Accounts?
- What Is a Central Asset Account?
- Using Deposit Accounts in Financial Planning
