Term
|
Definition
| Interest computed only on the principal |
|
|
Term
|
Definition
| Interest figured on money deposited plus interest |
|
|
Term
|
Definition
| A method used to estimate the amount of time of interest it will take for savings to double in value |
|
|
Term
|
Definition
| Earnings that are free of certain taxes |
|
|
Term
|
Definition
| Savings or earnings that are not taxed until the funds are withdrawn |
|
|
Term
| Annual Percentage Yield (APY) |
|
Definition
| The rate of yearly earnings from an account, including compound interest |
|
|
Term
|
Definition
| Money deposited for a set period of time that earns a set annual rate of interest. |
|
|
Term
|
Definition
| A savings tool that loans money to the U.S. government for a specified period of time. The bondholder is repaid with interest at the time of maturity. |
|
|
