Term
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Definition
| Computed interest only on the principal or amount of money originally deposited. Doesn't include interest earned. |
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Term
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Definition
| Second type of interest figured on the money deposited plus interest it earns. |
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Term
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Definition
| Table used to estimate the amount of time/interest it will take for your savings to double value. |
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Term
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Definition
| Earnings that are free of certain taxes. |
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Term
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Definition
| Type of savings which taxes on principal and/or earnings are not due until the funds are withdrawn. |
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Term
| Annual Percentage Yield (APY) |
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Definition
| Rate of yearly earnings from an account including compound interest. |
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