Christina has $30,000 to open a savings account. Because she doesn't have a checking account, she'll need to write checks from her savings account. Which account is the best choice for Christina?

standard savings

money market savings

high yield savings

CD

Christina should probably open a high yield savings because her $ amount is quite high so she should be able to get significant interest from a high yield account. On the other hand, I believe that a high yield account will require her to leave the money in there for at least perhaps 3 months so she should probably get a chequing account for a lesser amount, say $5000 and then the high yield for the balance.