A few days ago
catluna05

the amount of money that you put in your savings account is called wat?

interest ?effective yield? principal or compound interest

Top 5 Answers
A few days ago
eolii

Favorite Answer

Principal is always the amount of money you put into something. You earn interest on it. Effective yield measures the amount of interest you earn when you take into account compounding frequency.
1

A few days ago
dpirsq2
Principal. Usually banks give you interest (a percent) for keeping your principal in the bank.
0

A few days ago
cidyah
Principal or Savings deposit.
1

A few days ago
Anonymous
intrest…..that only a guess…..but im pretty sure its right
0

A few days ago
devili
i call it ur savings. kinda simple but still it’s wat it basically is.
1