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  • Bfsi PPT Group 5

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    akashigupta26
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    This document discusses different types of deposit accounts including savings accounts, checking accounts, and certificates of deposit (CDs). It explains that savings accounts help save money and earn interest, checking accounts allow managing day-to-day transactions, and CDs offer higher returns than savings accounts for a fixed time period. Specific types of savings accounts like traditional, money market, and high-yield accounts are outlined along with their key features and benefits. The document emphasizes choosing the right deposit account based on one's financial goals and potentially consulting an advisor for personalized guidance.

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    BFSI PPT GROUP 5

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    This document discusses different types of deposit accounts including savings accounts, checking accounts, and certificates of deposit (CDs). It explains that savings accounts help save money and earn interest, checking accounts allow managing day-to-day transactions, and CDs offer higher returns than savings accounts for a fixed time period. Specific types of savings accounts like traditional, money market, and high-yield accounts are outlined along with their key features and benefits. The document emphasizes choosing the right deposit account based on one's financial goals and potentially consulting an advisor for personalized guidance.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views7 pages

    Bfsi PPT Group 5

    Uploaded by

    akashigupta26
    This document discusses different types of deposit accounts including savings accounts, checking accounts, and certificates of deposit (CDs). It explains that savings accounts help save money and earn interest, checking accounts allow managing day-to-day transactions, and CDs offer higher returns than savings accounts for a fixed time period. Specific types of savings accounts like traditional, money market, and high-yield accounts are outlined along with their key features and benefits. The document emphasizes choosing the right deposit account based on one's financial goals and potentially consulting an advisor for personalized guidance.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Introduction to BFSI Presentation

    Topic: Types of Deposits and Accounts

    GROUP 5

    DAKSH KUMAR 22GSOB1110078


    LALIT SAINI 22GSOB1110082
    BHAVYA KAUSHIK22GSOB1110024
    SUMIT KUMAR 22GSOB1110081
    Introduction
    1 What is a deposit?

    A deposit is a sum of money placed into a bank account for safekeeping or to earn interest.

    2 Why are deposits important?

    Deposits provide a secure way to store your money, earn interest, and facilitate financial
    transactions.

    3 Benefits of different types of deposits

    Each type of deposit offers unique features and benefits that cater to different financial
    goals and needs.
    Different Types of Deposits
    Savings Account Checking Account Certificate of
    Deposit (CD)
    A traditional savings account A checking account allows
    is a basic deposit account you to easily manage your A CD is a time deposit that
    that helps you save money day-to-day transactions, such offers a fixed interest rate for
    and earn interest on the as paying bills and writing a specified period, providing
    balance. checks. higher returns than regular
    savings accounts.
    Types of Savings Accounts

    Traditional Savings Money Market High-Yield Savings

    A traditional savings account is With a money market account, High-yield savings accounts
    a safe and easily accessible you can earn higher interest offer competitive interest rates
    option for individuals looking rates while maintaining access to help grow your savings
    to save money for emergencies to your funds through checks faster, making them a popular
    or future expenses. and electronic transfers. choice for long-term savings
    goals.
    Money Market Accounts
    Flexible Access to Funds Higher Interest Rates

    Money market accounts provide a balance Compared to regular savings accounts,


    between earning interest and accessing your money market accounts often offer higher
    money when needed. interest rates, helping your funds grow.

    Minimum Balance Requirement Check Writing Privileges

    Some money market accounts may require a Money market accounts often provide the
    minimum balance, ensuring that you convenience of check writing, giving you easy
    maintain a certain amount to earn the best access to your funds for expenses.
    interest rates.
    Conclusion
    1 Choosing the Right Deposit

    Understanding the different types of deposits and accounts empowers you to


    make informed decisions for your financial goals.

    2 Consult with a Financial Advisor

    For personalized guidance, consider consulting with a financial advisor who can
    help tailor banking solutions to your specific needs.

    3 Start Maximizing Your Money

    Now that you have a better understanding of deposits and accounts, take action
    and make the most of your financial journey!
    THANK YOU

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