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foreign hey everyone today weamp;#39;re going to take a look into the world of bank accounts with so many options out there itamp;#39;s important to understand the differences between them and how they can impact your financial life by the end of this video youamp;#39;ll have a better understanding of the various types of bank accounts available and be able to make an informed decision about which one is best for you so letamp;#39;s get started when it comes to bank accounts there are four main types that you need to be familiar with checking accounts savings accounts money market accounts and certificates of deposit or CDs each of these accounts serves a different purpose and offers unique features and benefits letamp;#39;s break them down one by one first up we have checking accounts these are the most common and widely used bank accounts they are designed for everyday transactions such as paying bills receiving direct deposits and making purchases with a debit card some