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Social StudiesSocial Studies
30 July, 07:18

Which type of account will typically have the highest interest rate?

A Checking Account

B Savings Account

C Money Market Account

D Certificate of Deposit (CD)

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Answers (1)
  1. 30 July, 07:28
    0
    I believe the answer is: Certificate of Deposit (CD)

    A certificate deposit is an agreement that you made to store a sum amount of your money to a bank for a specific period of time and the bank would give you some interest as an exchange. The interest rate tend to be typically high because you cannot withdraw the money that you store until the period of agreement is over.
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