Saturday, May 13, 2006

What's a "savings account on a disk"?

"How many of you have savings accounts?" asked Jacqueline Metsma of TrueNorth in Pittsfield, Mass.

Among a small group of junior high school students, was a girl who replied, "I have a savings account on a disk."

On a disk? What did she mean?

Jackie cracked the riddle. The girl had a certificate of deposit -- a CD.

I heard this story from Jackie at the annual conference of the Financial Planning Association of Massachusetts yesterday.



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