Across
- 6. A plastic card that can be used to pay for goods at stores or businesses, online, and at automated teller machines (ATMs); draws money from a checking account, in contrast to a credit card that borrows money and has to be repaid
- 7. An account at a financial institution into which money is deposited and from which checks can be written, and debit cards used, for purchases or services; may be used to receive wages and pay bills
- 8. The amount your average balance in a deposit account must stay above to avoid fees
- 9. A secure electronic service through which you can pay your bills from a checking account
- 13. Money received or earned for work done or from investments
- 17. Financial transactions, including deposits, transfers, and bill payments, that are conducted via the internet
- 19. Funds added to an account
- 20. The amount of funds in an account ready for immediate withdrawal
- 22. Money accumulating over time; often used to refer to interest
- 24. Interest that applies to the original principal balance as well as any newly earned interest
- 27. number A number issued with your debit or credit card, so you can withdraw money from ATMs. To help prevent fraud, keep your PIN secret. A PIN should be memorized, never written down or disclosed to anyone else
- 28. An account into which a sum of money is deposited for a specified length of time; typically pays higher interest rates than standard savings and checking accounts
- 29. A number (600, 700, etc.)indicating an individual’s creditworthiness. Credit bureaus look at factors such as total debt, number of open accounts, and whether renting or owning a home. A good credit score may result in a lower interest rate for loans
- 30. Interest computed only on the principal balance, without compounding
- 31. Any personal possession of value; includes cash, real estate, and investments
Down
- 1. A charge for a service or a penalty for not meeting certain requirements, such as insufficient funds in a checking account
- 2. A for-profit financial institution that is federally licensed to receive deposits and issue loans
- 3. An arrangement made between your financial institution and in which, if you don’t have enough money in your checking account, checks will clear and ATM and debit card transactions will still go through. However, you may incur fees
- 4. For loans, the date that the full balance is due. For CDs, the date the CD funds are available for withdrawal or renewal with interest paid
- 5. An interest-bearing account used to hold money for short- or long-term goals or emergencies. You can add to this account at any time, but certain types of withdrawals may be limited
- 6. A decrease in a savings or checking account, such as a withdrawal, a debit card charge, or a check written against the account
- 10. Access to your account via your smartphone, tablet, or computer. Three channels for mobile banking are available – apps, mobile web and SMS/text messages
- 11. A high-yield savings account that’s insured up to $250,000. In contrast to a CD, with a money market account, you can still have regular access to your funds
- 12. A not-for-profit financial institution that is member owned and operated, and is licensed to receive deposits and issue loans
- 14. (1) An increase in a savings or checking account, such as a deposit made to the account; (2) A person or company’s ability to borrow money, with the expectation the money will be paid back in the future
- 15. A non-bank financial institution that transmits and converts money
- 16. Money you have left over after you pay your bills and expenses
- 18. Your earnings on savings accounts, certificates of deposit and money markets
- 21. An automatic deposit to your account made by your employer or an outside agency. These are usually recurring and spare you the hassle of depositing a paper check
- 23. The annual percentage paid on an interest-bearing savings account or CD, or the interest charged on loans. The interest paid on a deposit account is the "annual percentage yield" (APY) and the rate charged on a loan is the "annual percentage rate" (APR)
- 25. Financial debt or any money or service owed
- 26. Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt