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

The answer is savings account. This is the plainest kind of account at a bank or credit union, permitting you to deposit cash, preserve the funds safe, and take out funds as wanted. Savings accounts classically pay interest on your deposits, which helps you produce your money.

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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 AccountCSavings AccountDChecking Account

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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