Term
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Definition
| interest computed only on the principal |
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Term
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Definition
| interest figured on money deposited plus interest |
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Term
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Definition
| a method used to estimate the amount of time or interest it will take for savings to double in value |
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Term
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Definition
| earnings that are free of certain taxes |
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Term
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Definition
| savings or earnings that are not taxed until the funds are withdrawn |
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Term
| annual percentage yeild (APY) |
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Definition
| the rate of yearly earningd from an account, including compound interest |
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Term
| certificate of deposit (CD) |
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Definition
| money deposited for a set period of time that earns a set annual rate of interest |
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Term
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Definition
| a savings tool that loans money to the u.s. government for a specified period of time. The bondholder is repaid with insterest at the time of maturity |
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