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Tag: account

  • Glossary

FDIC

  • Posted on October 15, 2019July 26, 2022
  • by BrightDime

The FDIC (Federal Deposit Insurance Corporation) insures deposits of account holders at financial institutions against the failure of the institution. The insurance is paid for by the financial institution and…

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  • Uncategorized

Organize Your Financial Life: Tracking your Accounts

  • Posted on January 16, 2019July 26, 2022
  • by BrightDime

We all experience a change in circumstances at some point;  a new job, a move to a new city, getting married or divorced, etc. And with each of these changes,…

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  • Glossary

money market account

  • Posted on November 30, 2018July 26, 2022
  • by BrightDime

A money market account combines some of the features of checking and savings accounts by offering limited check writing, a debit card and usually a higher interest rate than a…

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  • Glossary

savings account

  • Posted on November 30, 2018July 26, 2022
  • by BrightDime

A savings account is typically used to hold money for longer periods of time, when you anticipate only a few withdrawals per month. Most savings accounts earn some interest, with…

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  • Glossary

checking account

  • Posted on November 30, 2018July 26, 2022
  • by BrightDime

A checking account is one of the most common accounts people use for day to day transactions. It typically comes with a debit card and paper checks, and may or…

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