A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Types of Joint Accounts

A Money Market Account
A Money Market Account

A money market account is a type of savings account that typically comes with a higher interest rate based on the deposit amount. Money market accounts are not the same as money market funds, and aren’t affected by the stock market.

image: desde.co
CD (or Marketed Linked CD – MLCD)
CD (or Marketed Linked CD – MLCD)

A market-linked CD (MLCD) is also referred to as an equity-linked CD, market-indexed CD or simply an indexed CD as well. It is a specific type of certificate of deposit that is linked to the performance of one or more securities or market indexes, like the S&P 500.

Dividend/Interest Checking Accounts
Dividend/Interest Checking Accounts

Learn about earning interest in your checking account and how they work. Accounts that pay dividends to help you grow your money are covered as well. Learn about earning interest in your checking account and how they work.

IRA Accounts (Individual Retirement Accounts)
IRA Accounts (Individual Retirement Accounts)

An 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. Learn more about IRAs and how these retirement savings accounts can help you save for your retirement.

source: fidelity.com
image: edgarcpa.com
Savings Accounts
Savings Accounts

A joint savings account can be a great way for couples to meet savings goals together. If you are saving up for the same goal, such as buying a house, both partners can directly deposit money into the account rather than having to transfer money between individual accounts.

Related Facts