Requires you to leave the money untouched for a set amount of time and there is a penalty if you take it out early.

Interest earned only on the principle . Formula I=P * T

interest-bearing deposit account held at a bank or other financial institution that provides a small interest rate.

The concept of___________is important for savers. The longer money is saved, the more its value can increase over time.

Provide insurance for your bank deposits,for $250,000

If you have a savings account what three factors will affect your Savings

A formula can tell you how long it will take your money to double

__________plan is a tax-deferred savings plan offered by an employer to an employee. The employee contributes a percentage of his or her earnings to the plan each pay period

You will receive more interest , if it is compounded _________

interest earned on both the principal amount and any interest already earned Interest earn on top of Interest

In general, the higher the risk of loss of principal for an investment, the

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