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22 January, 07:40

Which of the following savings vehicles usually requires a high minimum balance

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  1. 22 January, 10:35
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    A Savings Vehicle is an effective way to hold your savings. It could be a savings account. But some requires a high minimum balance such as Certificate of Deposit (CD). It is generally issued by commercial banks. It is a time deposit too and restricts you from withdrawing funds.
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