Ask Question
BusinessBusiness
22 February, 06:49

Which interest-bearing account is the best for people who won't need access to their money for several months or longer

+4
Answers (2)
  1. 22 February, 06:51
    0
    There are several types of savings accounts available depending on how much access you will need to your money. The less access you have, usually the higher interest rate you will get. If someone doesn't need the money for several months, a certificate of deposit (CD) would be the best option. This is a longer term investment that restricts your access to the money for usually a period of several months to years.
  2. 22 February, 07:12
    0
    Certificate of Deposit (CD)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which interest-bearing account is the best for people who won't need access to their money for several months or longer ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The substitution effect: Multiple Choice predicts that taxpayers will work harder to pay for consumer products when tax rates increase. is one of the effects considered in static forecasting.
Answers (1)
Several years ago, Cayuga Capital acquired a $1 million insurance policy on the life of its chief executive officer, naming Cayuga Capital as beneficiary. Annual premiums are $20,000, payable at the beginning of each year.
Answers (1)
Stock A has a beta of 1.19 and an expected rate of return of 13.42 percent. The market risk premium is 8.2 percent and the risk-free rate is 4.1 percent.
Answers (1)
During the year, RIT Corp. had sales of $565,600. Costs of goods sold, and depreciation expenses were $476,000, and $42,800, respectively. In addition, the company had an interest expense of $112,000 and a tax rate of 22 percent.
Answers (1)
The process of asking questions of a speaker based upon responses with the goal of uncovering the truth is: a. Cross examination b. Refutation c. Rebuttal and response d. Socratic questioning
Answers (1)
New Questions in Business
Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.
Answers (1)
Chegg In year 1, the capital stock was 6, the labor input was 3, and output was 12. In year 2, the capital stock was 7, the labor input was 4, and output was 14. What happened to total factor productivity between the two years?
Answers (1)
A company's adjustment for uncollectible accounts at year-end would include a: Multiple Choice Debit to Bad Debt Expense. Credit to Accounts Receivable. Debit to Accounts Receivable. Debit to Allowance for Uncollectible Accounts.
Answers (1)
Explain the differences between transactional and relationship marketing. How do these differences lead to increasing emphasis on logistical performance in supply chain management
Answers (1)
In the context of investing, the term market refers to
Answers (1)
Home » Business » Which interest-bearing account is the best for people who won't need access to their money for several months or longer
Sign Up Forgot Password?