A short-term deposit in a bank that earns interest and charges penalty fees for early withdrawal is known as a: Group of answer choicescertificate of depositbondchecking account401k

An interest-bearing deposit account offered by banks that has a higher interest than savings deposit and has the features of both savings and a checking account

Which of the following correctly matches the banking term with the appropriate definition?Group of answer choicesA deposit is the total amount of money you have in the bank.A withdrawal is an amount of money you take out of the bank.Your balance is the money you put into the bank.All of the above

A savings account in a bank A.applies a penalty if the funds are withdrawn before the maturity date.B.gives access to the funds at an agreed date.C.locks the money in until a certain date.D.cannot be used directly for payment.

A(n) deposit is an interest-bearing deposit held by a bank or financial institution for a fixed term. whereby the depositor can only withdraw the funds after giving notice. (Use one word for the blank.)

Fill in the Blank QuestionFill in the blank question.A savings account is called a(n) deposit because the bank can require you to make prior notice before withdrawal.