Ask Question
BusinessBusiness
20 December, 14:50

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

+3
Answers (2)
  1. 20 December, 16:36
    0
    Certificate of Deposit (CD)
  2. 20 December, 18:15
    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.
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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
9. Which NIMS structure develops, recommends, and executes public information plans and strategies A. Emergency Operations Center (EOC). B. Incident Command System. C. MAC Groups. D. Joint Information System (JIS).
Answers (2)
Making sure that cosmetic packages list ingredients used is the role of the 1-federal trade 2-food and drug adm. 3-us department of agriculture 4-consumer product safety commission
Answers (1)
Concam Inc. manufactures television sets. Last month direct materials (electronic components, etc.) costing $500,000 were put into production.
Answers (1)
The complete units that could have been produced given the total amount of productive effort expended for the period under consideration are the: a. units in ending work in process. b. equivalent units of output. c.
Answers (1)
Review Key Concepts 1. Explain why the definition of marketing changes over time. 2. Identify an example of an economic good and an economic service.
Answers (1)
New Questions in Business
Dispatch Hauling Corporation has an online forum where employees can post comments. Eddie posts a racially offensive video on the forum. Dispatch should
Answers (1)
As the operations manager for American Airlines you have decided to invest in 10 new jets for the company's fleet. There are three outcomes for this investment.
Answers (1)
A neighborhood recreation program serves a total of 280 children who are either 11 years old or 12 years old. the sum of the children's ages is 3,238 years. how many 11-year-old children does the recreation program serve?
Answers (2)
Behavioral science relies on data from past sales to forecast human behavior to develop strategic plans and goals
Answers (1)
Destin Industries received a $60,000 check from one of its customers, deposited it into its bank account, and recorded it in its bank register. The funds were reflected in Destin's bank account two days later.
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?