Banking Unit Vocab

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Across
  1. 3. occurs twice per year (every 6 months)
  2. 4. process of withdrawing/using money that is not in your bank account
  3. 5. occurs four times per year (every 3 months per year)
  4. 9. A savings account that has a fixed term and earns a high rate of interest.
  5. 12. interest that is earned on the total saved amount including interest earned.
  6. 13. bank card that is used to withdraw money directly out of checking/bank account.
  7. 14. the lowest amount of money that can remain in an account without being charged a penalty
Down
  1. 1. A savings account that requires more money to open, earns a higher rate of interest, has limitations on withdrawals/check writing
  2. 2. money earned in an account just by having money in that account.
  3. 6. banking machine that allows you to deposit or withdrawal money without going into the bank.
  4. 7. signing/giving approval for a check to allow it to be cashed or deposited.
  5. 8. Giving approval to make changes to an account or fund.
  6. 10. banks or credit unions that provide you with a debit/bank card.
  7. 11. deposit automatic deposit of paychecks into your savings or checking account.