Savings — A designated account meant to help you save money. It is more difficult to access the funds in this account than it is with a checking account.
Certificates (CD)— A savings account for a designated period of time where your money is stored away. Funds are not accessible during the term of the certificate without incurring a penalty fee.
Money Market — Combines the earning power of a savings account with the convenience of a checking account. Generally offers tiered dividends, meaning the more money you keep in this account, the higher the dividend rate you earn.