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Francesco Paucek

Feb 20, 2025

Tamara 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

Tamara 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 tamara? acertificate of deposit (cd) bmoney market account csavings account dchecking account
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The best one for her is Money market account. The reason for that is Money market deposit accounts tend to have higher minimum balance requirements than regular or online savings accounts. This minimum usually ranges from $100 to $2,500. There may be a monthly fee associated with this type of savings account, and there is a federally imposed limit to how many withdrawals you can make per month. Money market accounts are likely to have check-writing privileges.... Show More
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