Mary deposits her paycheck into a checking account every month, and after paying bills, she consistently has $200 remaining each month. She now has $1,800 excess in her checking account. Her bank requires $25 minimum to open a regular savings account, $1,000 to open a money market and $2,500 to open a CD. What would be the best option for her?
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Home » Business » Mary deposits her paycheck into a checking account every month, and after paying bills, she consistently has $200 remaining each month. She now has $1,800 excess in her checking account.