How to Change an IRA Into a Regular Savings Account?

Answer An Individual Retirement Account (IRA) can have one of many different types of custodians managing and monitoring the account. Custodians include banks, brokerage firms, insurance companies and spe... Read More »

Top Q&A For: How to Change an IRA Into a Regular Savings Acc...

What is a regular savings account?

A regular savings account is a bank account that pays interest on the money in the account. Depositors have access to this money any time they want to make a withdrawal, with no penalties. A saving... Read More »

Can you put money into an IRA yourself just like a savings account?

No, there are limits to the amount you can contribute or deposit into an IRA account. The maximum amount that an individual can put in an IRA account for the 2010 tax year is $5,000 if you are unde... Read More »

What is the difference between a health savings account&a flexible spending account?

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are ways to put money aside for future heath care costs. Both provide tax advantages, but the qualifications and functions of th... Read More »

Is there a difference between the APY on a savings account& a high-yield money market account?

No, the formula for annual percentage yield (APY) is one plus the periodic interest rate. Then raise the sum to the power of the number of periods of investment. Finally, subtract one. The formula ... Read More »