Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

2 Bumps

What is it called when you put a certain amount of money in the bank and watch it grow?

But you can not touch until a certain time frame.

Answer Question
 
Anonymous

Asked by Anonymous at 4:08 AM on Nov. 13, 2010 in Money & Work

Answers (8)
  • Certificate or Deposit (CD) accounts
    luvmygrlz

    Answer by luvmygrlz at 5:16 AM on Nov. 13, 2010

  • Certificate or Deposit (CD) accounts
    luvmygrlz

    Answer by luvmygrlz at 5:17 AM on Nov. 13, 2010

  • I totally didn't answer you twice I promise my computer decided to flip out for a minute.

    luvmygrlz

    Answer by luvmygrlz at 5:20 AM on Nov. 13, 2010

  • Well, not sure how specific you wanted your answers to be, but since you are asking in these hard economic times...depending on the amount of your deposit and how you choose to deposit/invest, and how long you want to watch it grow. Certificates, money markets, and ROTH IRAs (which I highly recommend), are great. Deposit with a credit union since your funds are fully insured by the NCUA up to $100,000. Hope this helps ;) Happy Saving! And if you have kids, please start saving for them as well or open a college fund!
    MomReinvented

    Answer by MomReinvented at 5:42 AM on Nov. 13, 2010

  • The problem is with today rates. You cannot see the growth it is just too minute.
    tootoobusy

    Answer by tootoobusy at 7:24 AM on Nov. 13, 2010

  • It's called "newly-sprouted leaves on the money tree" !!!... :D
    IndigoRose

    Answer by IndigoRose at 9:24 AM on Nov. 13, 2010

  • For us it is savings.
    Mom2Just1

    Answer by Mom2Just1 at 12:51 PM on Nov. 13, 2010

  • RARE!
    GumboGirl

    Answer by GumboGirl at 8:12 AM on Nov. 17, 2010

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN