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Types of Investments



Once you’ve started to manage your spending and avoid financial pitfalls, you’ll probably begin to actually develop some savings. Then, you’ll want to start putting your money to work by investing. How you decide to do that can make all the difference in terms of how much money you end up having in the future. Click the links below to read more about each of the topics:

You may also want to check out the various Bank of America Resources to help you take control of your finances.

Money Market Account

Money Market AccountsMoney market accounts are similar to basic savings accounts, but with a money market account, you’ll receive a higher interest rate, which will usually increase as your balance increases. However, you’ll also probably have to keep a higher minimum balance. You will still have easy access to the funds in your account, including the ability to write checks, but you may be limited to the number of withdrawals you can make and the number of checks you can write.

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Bank of America Resources





Bank of America has a number of resources that will help you as you begin to take control of your finances:

Investing

» How can I become a millionaire?
» How much of a difference will the rate make?
» How will taxes and inflation affect my savings?