Caja de ahorros

[cmon]

Could that be a credit union?

[CrOtALiTo]

Not, it looks like to Fondo de Ahorro, if you have some kind of job currently, then you can have some kind of Caja de Ahorro in your job, I have one, or you can have a Fondo de ahorro in a bank.

it's not for me a credit union, or credit card, it would be different.

[cmon]

401K or IRA?

[Tomisimo]

The term caja de ahorros is used mainly in Spain, and refers to a certain type of credit institution, similar to a bank, credit union or savings and loan association. A caja de ahorros is often a non-profit organization. In other places, such as Mexico, caja de ahorros has no special meaning like this.

[sosia]

Agree with David.
in Spain, "cajas de ahorros" are a type of bank. The "cajas de ahorros" are like a little federal-state bank/credit union/savings and loan association. They only work in their main state, and the goverment has influence. It's not so money-oriented like an usual bank, they have to spend some of the earnings in social projects.
saludos

[Jessica]

Originally Posted by cmon

401K or IRA?

what is 401K and IRA?
Is the k in 401k stand for something, and the 401K is like a gigabyte (I know it isn't a gigabyte).
IRA stands for something....but what

[FabiArgentina]

Hi everybody!
In Argentina, Caja de Ahorro is a type of account that you own in a bank, you can put and withdraw money, but you are not given a check book and it gives you low interest for your money deposit

[Tomisimo]

Originally Posted by jchen

what is 401K and IRA?
Is the k in 401k stand for something, and the 401K is like a gigabyte (I know it isn't a gigabyte).
IRA stands for something....but what

In the US, a 401(k) and an IRA are plans to allow workers to save money and defer taxes (or have other tax advantages) until retirement. IRA also has a slew of other meanings, such as Irish Republican Army.

Originally Posted by FabiArgentina

Hi everybody!
In Argentina, Caja de Ahorro is a type of account that you own in a bank, you can put and withdraw money, but you are not given a check book and it gives you low interest for your money deposit

Thanks for the info!