FDIC

A federally sponsored corporation that insures accounts in national banks and other qualified institutions.

A bank account which accrues interest in exchange for use of the money on deposit.

A bank account from which payments can be ordered by a depositor

An endorsement restricting further transfer of a check's ownership.

An endorsement on commercial paper naming no payee and so payable to the bearer

Acknowledgment by bank of receipt of money with engagement to repay it.

n IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. There are three main types of IRAs—Traditional, Roth, and Rollover—each with different advantages.