Investing Your Money Before we begin let's see how much you know about investing your money! Match the word with it's numbered definition on the right. Checking Account 1 2 3456 Money Market Account 1 2 3456 Mutual Fund 1 2 3456 Savings Account 1 2 3456 Stock 1 2 3456 Certificate of Deposit 1 2 3456 What's your e-mail address? You use this type of account if you're saving for a rainy day but can still withdraw money from it. Your bank will usually pay you back a small amount of interest on the money you put here. You usually put money here that you plan to use often. The bank doesn't usually pay interest on these accounts, but some banks do. This is an account where you would keep a lot of money and can withdraw it. It has higher than normal interest rates. There is usually a minimum amount of money you have to put in this account. Also the more money you have in this account, the more interest the bank will pay you. You can "buy" one of these from your bank. In purchasing it, you agree not to use this money, in exchange the bank pays you a higher interest rate than any savings account. These let you pool your money with other investors. This is a share of ownership in a public company.