Monday, September 13, 2010

A.S.A.P! I need to know details on the differant types of accounts listed?

ive got a big project and my question is : for each of the accounts listed bellow you must explain: what the account will be used for; whether you would earn or pay intrest on that account, and approximatelly what is the current intrest rate on that sort of account.; what are some of the advantages of having that account.; what sort of fees or charges their may be on that account.; and what might be some of the disadvantages of that account.



TYPES OF ACCOUNT

cheque/ current account

savings account

fixed deposit or 32-day notice account

credit card account

mortage/ homloan account

asset finance or leasing account



thanks i really appreciate it.