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Chapter10:Savings;by Billy Nieman and Phil Grotsky

Teacher: Mrs. Radzieski Block 4
Across
When net pay is deposited electronically into your bank account.
Students can choose to work part time or _____.
Insure commercial and savings banks.
Percentage of increase in the value of your savings due to earned interest.
Commercial or ____service banks provide the widest variety of banking services.
The amount of money you deposit into a savings account.
The actual interest rate an account pays, stated on a yearly basis with the compounding included.
Insure credit unions.
Also known as a CD, this type of deposit has a fixed interest rate for a set time.
Savings account that offers a more competitive interest rate than a regular savings account.
The measure of how quickly you can get your cash without loss of value.
Down
In the process of purchasing a house, you will likely have to pay a large sum of cash known as this.
Not-for-profit organization established by groups of people, such as employees in similar occupations who pool their money.
Accounts at credit unions that have low average daily balance requirements.
A CD has a set ____, which is the date on which an investment becomes due for payment.
Forms of educational funding which do not have to be repaid and are usually funded by the government.
You should base your savings options on if it is liquid, ____, and convenient.
This type of savings plan allows you to authorize your employer to make automatic deductions from your paycheck each period.