All Bank Account Types You Should Know Are you confused about the different bank account types and which one is right for you? This video is a complete beginner’s guide to understanding all the bank account types you should know. From the most common options like checking accounts and savings accounts to more advanced choices such as high-yield savings accounts, money market accounts, and certificates of deposit, this video explains everything in a simple and clear way. We also dive into special
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A bank has three different types of account in which the interest rate depends on the amount invested. The 'ordinary' account offers a return of 6 % and is available to every customer. The 'extra' account offers 7 % and is available only to customers with 5000 or more to invest. The 'superextra' account offers 8 % and is available only to customers with 20000 or more to invest. In each case, interest is compounded annually and is added to the investment at the end of the year. A person saves
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