What are the different types of bank accounts?

Answer by  Dylan123423 (26)

A checking account is a bank account that uses checks as the primary instrument for withdrawing money. A savings account is another type of bank account that allows the holder to make deposits and withdrawals. . Another type of bank account is a money market account. Time deposits, frequently referred to as certificates of deposit (CDs),

Answer by  riTch (99)

Opening a bank account for the first time, one can choose any of the three common bank accounts. Checking account, savings account and time deposits, which is frequently referred to as certificates of deposits.

Answer by  chrisshah (172)

There are 2 basic types of bank accounts - Checking and Savings. As a rule, checking accounts pay no interest and have fewest restrictions. Savings accounts pay interest