Menthum1 minTypes of Saving Products Offered By A BankThe different saving products that a bank offers could be classified into two categories: (1) products without a fixed maturity period,...
Menthum2 minFeatures & Glossary of Savings Accounts / Current AccountsInterest rate: The interest you earn for keeping money with a bank. It is published on annual basis, so 5% interest means annual interest...
Menthum1 minFeatures & Glossary of a Time Deposit / Certificate of DepositInterest rate: The interest you earn for keeping money with a bank. It is published annually. Interest payment frequency: The frequency...
Menthum2 minHow to Choose a Saving Product and Bank?Your choice of the saving product depends on factors regarding liquidity or ability to withdraw, returns, size of deposit and other...