Two primary categories of accounts are defined as time deposit accounts and demand deposit accounts. It can be worthwhile to understand the differences between a demand deposit vs. time deposit ...

A certificate of deposit (CD) is a type of savings account that "pays a fixed interest rate on money held for an agreed-upon period of time," said Investopedia. CDs are usually offered by banks and ...

Some $2.5 trillion in bank time deposits and a record $8.9 trillion of government debt will mature by July, he said. Banks and credit unions typically provide a 7-to-14-day window following a CD ...

Instead of making a one-time deposit, an add-on CD allows you to make additional contributions to your CD after you've opened it. But keep in mind that most banks don't offer add-on CDs ...

Demand deposit accounts generally let you use or withdraw money at any time. Savings and money market accounts typically pay interest, while most checking accounts don't. A demand deposit account ...

Direct deposits are a faster and more convenient way to access your money than paper checks. When you sign up for direct deposits, paychecks go directly into your bank account every payday.

Keep in mind rates vary by bank and may fluctuate over time. The Federal Deposit Insurance Corporation keeps track of interest rates offered by banks for different types of accounts. Here are the ...