Term
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Definition
| Interest payable only on the principle; interest that is not compounded. |
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Term
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Definition
| Interest paid on both the principal and on accrued interest |
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Term
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Definition
| To estimate the amount of time or interest it will take for your savings to double in value. |
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Term
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Definition
| refers to earnings that are free of certain taxes. certain savings accounts for education expenses are tax exempt. |
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Term
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Definition
| refers to a type of savings in which taxes on principal and/or earnings are not due until the funds are withdrawn. |
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Term
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Definition
| is the rate of yearly earning from an account, including compound interest. |
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Term
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Definition
| requires you to deposit a given amount of money for a set period of time or term. when the term is up, you can keep your money in the Cd, deposit it in another CD, or take it out. |
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Term
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Definition
| requires you to deposit a given amount of money for a set period of time or term. |
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