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A demand deposit account is an account at a bank, credit union or other financial institution that lets you use or withdraw money whenever you want, without notifying the financial institution ahead ...

A savings account is a type of deposit account at a bank, credit union or other financial institution that earns interest. Savings accounts are typically used to achieve short-term financial goals, ...

A fiduciary deposit account is an account that’s owned by one or more persons but managed by another. The owner is known as the principal, while the manager is known as the fiduciary. These accounts ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.