Savings

An annual percentage rate (APR) is the annual rate charged for borrowing or earned through an investment, and is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan.

The daily ending balance divided by the number of days in the statement cycle.

Every day is a business day except Saturday, Sunday, and federal holidays.

Regulation D and Wells Fargo limit certain types of withdrawals and transfers that can be made from your savings account to a combined total of six (6) per monthly fee period. If the limit is exceeded, an excess activity fee for each withdrawal or transfer over the limit will be assessed. If the limit is exceeded on more than an occasional basis, your savings account could be converted to a checking account (sole-owned minor accounts may be closed).

To take money out of your account. You can do this many different ways, including: Writing a check Debit card purchase - use your debit card to make everyday purchases and pay bills worldwide at participating retailers and service providers, including online or by phone ATM withdrawals - get cash at ATMs worldwide At any Wells Fargo banking location

An FDIC-insured bank deposit account that earns interest. Unlimited withdrawals are permitted in person and at the ATM. Other withdrawals are subject to limits. Select Wells Fargo savings accounts permit limited check access.

To put money into your account.

If no customer initiated activity occurs on the account within the time period as specified by state Unclaimed Property laws, your account funds will be transferred to the state. This transfer is known as "escheat." You must file a claim with the state to recover your account funds.

A fixed amount paid on deposits or a fixed charge for borrowing money, usually a percentage of the amount deposited or borrowed.

-You can only have 6 transfers or withdrawals each month. _egulation D "penalties" or fees vary by financial institution. Discover Bank, for example, will close a savings account if Regulation D is exceeded 3 or more times in a 12-month period. USAA will close an account if Regulation D is exceeded more than 3 times within a 12-month period.

You may become too focused on saving and wont pay your high interest loans or credit cards off. You should pay off any debt after you start an emergency fund.

If an emergency pops up you will already have money in your savings account to help you.

A savings certificate with a fixed interest rate and maturity date, holding the saver's money until the CD fully matures

Interest earned on both the principle amount and any interest already earned principle x interest rate = interest earned + principle = new principle for next year

An automatic electronic deposit of net pay to an employee's designated bank account

Money set aside for unanticipated expenses or loss of income should be 6 months

The U.S. corporation insuring deposits in US banks against bank failure

The rate at which the price of goods increases and consumer purchasing power decreases over time

A method of saving whereby you put a fixed amount of income into a savings account before you pay monthly bills or make purchases

Original amount of money saved or invested, separate from interest or earnings

A popular trick to find out how long it will take your money to double depending on what interest rate you are receiving

Property owned by an individual or organization that has some value. Can refer to physical items (like a house or car) or to intangible items (like stocks or bonds)

A type of savings vehicle in which you put your money away for a certain amount of time, called a term, to allow your principle to earn interest.

Refers to how easily and quickly your assets, like your money can be moved.

An interest rate is the percentage of interest you either make or pay on a principle (like 1% or 5%).

A type of savings vehicle that usually requires high minimum balances but offers higher interest rates.

Savings vehicles are accounts designed to let you set aside money that is separate from your checking account (savings accounts, money market accounts, and Certificates of Deposit (CD).

A deposit account that may have some restrictions about how quickly or easily the money can be withdrawn.

When the account allows quick and easy access to the money.

A U.S government agency that protects bank customers by insuring deposits

How much interest a financial institution would pay on a deposit for 1 year

Computed only on the principle amount originally deposited

Principle x Rate x Term

The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest.

Withdrawl

the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worth more the sooner it is received.

A financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumers. note-Under federal law, however, a "depository institution" is limited to banks and savings associations - credit unions are not included.

A tiered-rate account is a checking or savings account that pays interest at increasingly higher rates as the account balance increases. Each tier consists of a range of account balances and interest rates earned by the customer if his or her balance falls within that range.

A debt security, under which the issuer owes the holders a debt and (depending on the terms of the bond) is obliged to pay them interest (the coupon) or to repay the principal at a later date, termed the maturity date.

A profit from the sale of property or of an investment.

A sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).

A sustained increase in the price level of goods and services in an economy over a period of time.

The probability or likelihood of $ losses relative to the expected $ gain on any particular investment.

A set of beliefs and principles that guide an investor's decision-making process.

1-The date on which the principal amount of a note, bond or another debt becomes due and is repaid to the investor and interest payments stop. 2- The termination or due date on which an installment loan must be paid in full.

an investment program funded by shareholders that trades in diversified holdings and is professionally managed.

A company with that owns a controlling interest in multiple companies.

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's cost.