As the women earn money, the lending organization also provides them with a place to deposit their savings, and over time, these women become lenders to the next group of borrowers.

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Participants also had to own investments other than a bank savings account or certificate of deposit.

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But if you have less than five years before your kid sits down to freshman composition, a risk-free certificate of deposit, money market fund or even a traditional savings account is a better bet.

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But in China, where most savings are in the form of bank deposits and where earnings on savings are a significant portion of total household earnings, lowering deposit rates tends to increase the savings rate.

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Be aware that taking money out of a retirement account or selling securities at a sizable taxable gain rather than pulling cash from a certificate of deposit, money-market fund, savings or checking account could result in higher taxes on Social Security benefits if it bumps income above a certain threshold.

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Bankia also issued a statement saying deposit holders could be confident about the safety of their savings.

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This was particularly affecting potential buyers' decisions on whether to put down a deposit for a home, or knowing whether they had the savings to do so.

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ING, a Dutch financial-services group, began pushing a telephone-based savings account in May, offering higher interest rates than domestic deposit-takers.

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Employers can easily help their employees save for a rainy day, leveraging the payroll system and direct deposit to automatically send a small percentage of their paychecks to a savings account.

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These cards require you to deposit an amount of money usually equal to the credit limit into a special savings account that the bank can collect any missed payments from.

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For example, a "single account" is one account category that includes deposits in checking, savings accounts, money market deposit accounts and time deposits such as certificates of deposit (CDs).

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