asked 135k views
2 votes
Hal Silverstein has a savings account, also called a _____, at his local credit union.



asked
User Yaxin
by
8.4k points

2 Answers

4 votes

Answer:time deposits

Step-by-step explanation:

answered
User Mike Mitterer
by
8.3k points
6 votes

Answer:

Demand Deposit

Step-by-step explanation:

Savings and checking accounts can be withdrawn at any time so they are refereed to as demand deposits. Time deposits on the other hand are like savings accounts, but offer higher dividends and if you choose to withdrawal from those account ahead of an agreed upon date there will be a severe financial penalties.

answered
User Montycarlo
by
7.7k points
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