Savings Vehicles

Low risk places to hold money, such as savings accounts and certificates of deposit, which are often federally insured and pay a stated rate.

Often confused with

Investment: Savings vehicles protect the amount saved and pay a modest stated rate; investments accept the chance of loss for higher expected return.

Taught in

5.3 Saving and Investing for Education, Housing, and Retirement Goals

See also

5.3.B.1 · 5.3.B.3