Across
- 3. The most common type of financial institution. They accept deposits from customers and use those funds to provide loans and other financial services.
- 5. used for everyday transactions like paying bills, making purchases, and withdrawing cash. They usually come with debit cards, online banking, and mobile banking features.
- 6. Provide protection against financial losses.
- 9. Similar to savings accounts but often offer higher interest rates in exchange for maintaining higher minimum balances.
- 10. Help people buy and sell investments like stocks and bonds.
- 11. Special accounts for retirement savings that offer tax advantages.
- 12. When you put money into your bank account
Down
- 1. Operates similarly to banks but are owned by their members. These members usually share something in common, such as working for the same company or living in the same community.
- 2. Use modern technology to provide financial services.
- 4. designed for saving money and earning interest on your balance.
- 7. Money the bank pays customers based on how much money they have deposited.
- 8. When you take money out of your bank account