Tamera has $500 she is looking to save for a class trip she wants to earn the most possible interest and will not need access to

Question

Pachacha [2.7K]

2 years ago

15

Tamera has $500 she is looking to save for a class trip she wants to earn the most possible interest and will not need access to

her money for a full year which type of savings account will be best for Tamera

Computers and Technology

1 answer:

Irina18 [472] · Answer 1 · 2022-02-24T16:02:08+03:00

Irina18 [472]2 years ago

5 0

Money Market Account has higher interest rate than Savings Account and Savings Account pays similar interest as Certification of Deposit (CD). Checking Account has even smaller interest rate.
Answer: B ) Money Market Account.