A savings account is a type of basic deposit product that lets account holders store money safely and gradually accrue interest. It's a versatile alternative for emergency savings or short-term savings because the funds are immediately available.

Intended for frequent transactions, a current/chequing account is a deposit account. It makes it simple for customers to issue cheques, deposit and withdraw money, and use debit cards for regular purchases—usually without incurring interest.

A certificate of deposit (CD) is a time deposit, with exchange for a higher interest rate, customers who open a certificate of deposit (CD) agree to retain their money with the bank for a predetermined period of time. Penalties may apply for early withdrawal before the period expires.

A personal loan is an unsecured credit available to individuals for a range of uses, including significant purchases, home renovations, and debt consolidation. Usually, the terms of repayment and interest rates are set.

An auto loan is a type of secured loan where the collateral is the vehicle being purchased. These loans frequently have fixed terms and interest rates, and the payments are spaced out across a number of years.

A mortgage is a type of loan where the collateral is real estate that is specifically intended for the purchase of real estate. Longer repayment terms are characteristic of mortgages, and interest rates can be either fixed or adjustable for borrowers.

With a home equity loan, homeowners can borrow money against the value of their house by pledging the equity they have accrued in it as security.
Typically, it is received in one single payment with a set interest rate.

A credit card is a type of revolving credit that lets customers make purchases up to a certain amount and pay back the remaining amount gradually. It is convenient for both small and larger expenses, and interest is imposed on any outstanding debt.

With a cash-secured loan, you can use the funds in your fixed or savings account, or funds in an investment account as collateral to borrow money from a financial institution. This is a good way to preserve your savings or investment for a future goal, while it continues to grow.