A bank account that allows you to deposit and withdraw money, make point-of-sale purchases and write checks.

A payment card that deducts money directly from a consumer’s checking account to pay for a purchase. Debit cards eliminate the need to carry cash or physical checks to make purchases.

To put money in your account.

A fixed amount paid on deposits or a fixed charge for borrowing money, usually a percentage of the amount deposited or borrowed.

An interest-bearing deposit account held at a bank or other financial institution that provides a modest interest rate.

To take money out of your account either by writing a check, using an ATM, or using a debit card.

Learn about what savings accounts are, how to open one, what to look for, and how to use one.