How does a savings account compare with a now account

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Reference no: EM131306282

1. NOW Account. What is a NOW account? How is it different from a regular checking account? How does a savings account compare with a NOW account?

2. CDs. What terms does a financial institution specify for certificates of deposit? Why are rates on CDs higher than those on savings accounts? What factor would most affect your choice of maturity date on a CD?

Reference no: EM131306282

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