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The interest rates that a bank pays depend on whether the money is in a checking account, money market account, savings account, or time deposit.

The interest rates that a bank pays depend on whether the money is in a checking account, money market account, savings account, or time deposit. Visit a local bank and find the different interest rates that the bank will pay. Identify the conditions such as the minimum amount required, the minimum deposit, and the length of time the money must be on deposit to earn each interest rate.

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