Which type of account typically has very high liquidity, low or no interest, and low minimum balance? Checking Account Money Market Account Certificate of Deposit (CD) Investment Retirement Account (IRA)

The type of account that typically has very high liquidity, low or no interest, and low minimum balance is:

Checking account

Commonly, company using checking account for a specific purpose, i. e : checking account for travel, checking account for supplies, etc

The type of account that typically has very high liquidity, low or no interest, and low minimum balance is a checking account. A checking account in most cases does not offer interest for keeping your money in the bank whereas a savings account usually does. The minimum balance is very low commonly $25 or a direct deposit going into the account will work instead of having a minimum balance. Most people keep a smaller amount of money in their checking account and a larger amount in their savings.