Money was initially used for bartering goods like cows and wheat. First metal coins appeared in Lydia around 7th century BC. Some countries used clam shells or salt blocks as money
Popular Direct leads with 4.25% APY for 60-month CDs. Signature Federal offers 4.20% APY with $500 minimum deposit. Credit Human provides 4.11% APY with $500 minimum. Synchrony Bank and Dow Credit Union offer 4.00% APY
Three CD options available: Featured, Fixed Term, and Flexible. Minimum opening deposit is $1,000 for all accounts. FDIC insurance up to $250,000 per depositor
Savings accounts are bank accounts designed for safe money storage and earning interest. Most accounts offer modest interest rates but are safe for short-term needs. Up to $250,000 is federally insured
A check is a written, dated, and signed draft directing bank to pay specific sum. Features include date, payee line, amount, endorsement, and memo line. Banks use checks to transfer funds from payor's account to payee's account
Banks are financial institutions regulated at federal, state or both levels. Banks primarily take deposits and make loans. Most US banks are insured by FDIC up to $250,000 per depositor