Developed by The Board Of Governors Of The Federal Reserve, Washington, D.C.
You have many choices concerning what you do with your money -- spend it, invest it, or hide it under your mattress. If you invest or save your money, you have many alternatives. For example, you can buy U.S. savings bonds or Treasury bills; purchase stocks or bonds; invest in a mutual fund; or open a savings or other deposit account with a bank, savings and loan association, savings bank, or credit union. This booklet will help you understand your choices if you decide to put money in an account at a depository institution such as a bank or savings and loan association.
Learn:
- what to do with your money
- if you need a bank account
- available deposit accounts
- basic or no frill banking accounts
- account features to compare
- information required from institutions
- federal deposit insurance
- where to go for help
- how mutual funds work
- different kinds of mutual funds
- comparison of different funds
- addresses and phone numbers of SEC offices
- ...and more
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