answersLogoWhite

0

There are many different types of savings vehicles out there to fit many different needs. Some examples include Money Market Accounts, Vacation or Christmas Clubs, Savings Bonds, and 529 accounts.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Which one of the following investment vehicles provides before-tax savings to be used in the retirement planning process?

Which one of the following investment vehicles provides before-tax savings to be used in the retirement planning process?


Are savings vehicles only useful for long term investments?

Savings vehicles are not exclusively useful for long-term investments; they can also serve short-term financial goals. For example, high-yield savings accounts and certificates of deposit (CDs) can provide a safe place to grow funds for emergencies or upcoming expenses. While some savings options are better suited for long-term growth, such as retirement accounts, others are designed for immediate access and liquidity. Therefore, their utility depends on the individual's financial objectives and time horizon.


Why propeller shaft hollow.why we not use solid propeller shaft in vehicles?

Weight savings.


How would you describe savings in the context of a cost-benefit analysis?

In another example, cost savings is a benefit.


How does the risk of a money market mutual fund compare with that of a savings account?

The risk of a money market mutual fund is similar to that of a savings account. Both are low-risk, slow-growth savings vehicles. Money market funds are viewed as a cash equivalent, similar to a savings account.


Can I get a discount for my business auto insurance if I list my private vehicles on same policy or can I do so?

You can get a discount if you have your personal vehicles insured with the same company that your business vehicles are insured with. This called multi-lines discount and can result in substantial savings.


What cars have savings with the GMCard?

GMCard is a good way of getting a new vehicle. The elligible GM vehicles are: 1. Cars 2. SUVs 3. Trucks 4. Vans 5. Cadillac Vehicles 6. Chevrolet Vehicles


Is savings vehicles insured?

Yes, many savings vehicles, such as bank savings accounts and certificates of deposit (CDs), are typically insured by the Federal Deposit Insurance Corporation (FDIC) in the United States, up to $250,000 per depositor, per insured bank. This insurance protects your deposits in case the bank fails. However, investment accounts like stocks or mutual funds are not insured by the FDIC. It's important to check the specific protections associated with any savings vehicle you choose.


Which of these is the BEST example of debt?

A person deposits a paycheck into a savings account.


How aerodynamics used in vehicles explain with example?

they are used.


What are the best savings rates on Money Market?

The best savings rates on Money Market will vary depending on the exact requirements of the individual. For example, the savings rate on an Aldermore 1 year account is 1.95%.


Which of these describes a time deposit?

Money in a savings account is an example of a time deposit.