What type of investment is a savings account?

Answer In personal finance, any act of putting cash away is saving. So a piggy bank represents saving as well as a savings account in a bank. There is generally little risk involved in saving cash. Invest... Read More »

Top Q&A For: What type of investment is a savings account

What Type of Savings Account Would Have the Most Interest?

Online banks commonly offer highly competitive interest rates on savings accounts. Online banks have reduced overhead costs compared to the costs associated with operating a physical bank location.... Read More »

Long Run Relationship Between Savings & Investment?

Saving and investing money are two behaviors that can lead to long-term financial stability. Historically, a savings account yields a steady but conservative return, while investing money in the fi... Read More »

Should an Investment Club Open an Individual Retirement Account or Joint Account?

Biostatistics, according to Webster's New World Dictionary, is the science that applies the methods of statistics to biological data. Writing a biostatistical report follows the same conventions as... Read More »

Should an investment club open an individual retirement account or joint account?

On One Hand: Limited BenefitsIRAs and joint accounts have very little benefits for an investment club. IRAs are used to facilitate tax-deferred retirement savings for individuals, while a joint acc... Read More »