A joint bank account is just like a regular bank account — but it’s shared between two or more people. Everyone whose name is on the account can: All users have equal access to the account unless it’s set up differently (which most aren’t). Think of it like co-owning a wallet — everyone can reach …

A Certificate of Deposit, or CD, is a type of bank account where you agree to leave your money in the bank for a set period of time — like 6 months, 1 year, or even 5 years. In exchange, the bank gives you a higher interest rate than a normal savings account. But here’s …

A savings account is a type of bank account made for storing money you don’t want to spend right away. Unlike a checking account (which is meant for everyday spending), a savings account helps you hold onto money — and grow it a little, over time. That’s because when you keep money in a savings …