Which of the following savings vehicles usually requires a high minimum balance

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11-05-2016
Computers and Technology

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Which of the following savings vehicles usually requires a high minimum balance

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taskmasters taskmasters · Answer 1 · 2016-05-17T19:55:25+02:00

taskmasters taskmasters

17-05-2016

A Savings Vehicle is an effective way to hold your savings. It could be a savings account. But some requires a high minimum balance such as Certificate of Deposit (CD). It is generally issued by commercial banks. It is a time deposit too and restricts you from withdrawing funds.

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