介绍： 版权归原作所有，仅供此学习，若有侵权请告知删除。
[11:54.42]The last reading.
[11:58.04]Savings
[12:00.10]In the United States, people who want to start a savings have many choices.
[12:06.55]Banks and credit unions are traditional places to open an account.
[12:11.75]Savings are protected up to a limit if a f...

介绍： 版权归原作所有，仅供此学习，若有侵权请告知删除。
[11:54.42]The last reading.
[11:58.04]Savings
[12:00.10]In the United States, people who want to start a savings have many choices.
[12:06.55]Banks and credit unions are traditional places to open an account.
[12:11.75]Savings are protected up to a limit if a federally guaranteed bank or credit union ever fails.
[12:19.41]Banks and other financial organizations pay interest on savings accounts,
[12:25.83]but the interest rates are low.
[12:28.02]Certificates of deposit are another way to save.
[12:32.20]They pay higher interest rates.
[12:35.06]With a certificate of deposit, a person agrees
[12:39.00]not to withdraw an amount of money for a period of time.
[12:42.93]The term could be three months, or it could be several years.
[12:47.78]Longer terms, and larger amounts, pay higher interest.
[12:52.61]Another way to save is through a money market fund.
[12:56.84]They pay higher interest than savings accounts.
[13:00.63]The money is usually placed in short-term government securities.
[13:05.68]Money market funds, however, may not be federally guaranteed like other kinds of savings.