The complete question should be: Which type of account will typically have the highest interest rate? A Checking Account. B Savings Account C Money Market Account. D Certificate of Deposit (CD) Therefore, the type of account that will have the highest interest rate is the certificate of deposit. This implies the correct answer is D. Further Explanation. A certificate of deposit gives more interest than any other accounts. CD is a saving account but it has a fixed duration, that is, you can EverFi Banking Module 2 DRAFT. 9th - 12th grade. 440 times. Other. 56% average accuracy. 2 years ago. Which type of account will typically have the highest interest rate? answer choices . a. Checking Account. b. Savings Account. Which type of account typically has low liquidity? answer choices . a. Checking Account. b. Savings Account Type of account that typically has the highest interest rate is Certificate of Deposit. It is due to Certificate deposit has the least flexibility in terms of the usage. The customer should wait until the moment of the deposit reach its maturity. Start studying Banking Everfi answers. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Which type of account is typically the MOST liquid? How often should you typically monitor your checking account? Daily. Which type of account will typically have the highest interest rate? Certificate of Deposit (CD Terms in this set (23) Interest. the amount owed for borrowing money. To earn as much interest as possible, you should open a savings account that earns _____ interest and has the ____ interest rate. compound; highest. You are opening a savings account that earns compound interest.
Which payment method typically charges the highest interest rates? Which account will give you the LEAST access to your money ? Which type of account is typically the MOST liquid? What payment type can help you stick to a budget? To help you calculate how much money you have in your account The best way to ensure the accuracy and safety of your Everfi Financial Literacy DRAFT. 9th grade. 86 times. Other, Life Skills Which type of account typically has very high liquidity, low or no interest, and low minimum balance? Which type of account will typically have the highest interest rate? answer choices . Checking account . Savings account .
List of best available rates across different account types. | Thursday, March But there are also banks that have higher deposit requirements as well. Most notably, online savings accounts tend to offer higher interest rates and lower fees . Knowing how types of savings accounts differ can help you decide which one best deposit: usually has the highest interest rate among savings accounts and the most At that rate, an account with $1,000 would earn $1 in interest in a year . 14 Nov 2019 ”Banking is going through an unprecedented rate of change, improving “We've partnered with EVERFI to navigate this change and are colleges and universities, and some of the largest corporations to U.S. Funds are available directly in bank accounts generally within Legitimate Interest Purposes. Which type of account will typically have the highest interest rate? Which of the following is NOT a core component of the Federal Reserve Bank? Department of the Treasury
The complete question should be: Which type of account will typically have the highest interest rate? A Checking Account. B Savings Account C Money Market Account. D Certificate of Deposit (CD) Therefore, the type of account that will have the highest interest rate is the certificate of deposit. This implies the correct answer is D. Further Explanation. A certificate of deposit gives more interest than any other accounts. CD is a saving account but it has a fixed duration, that is, you can EverFi Banking Module 2 DRAFT. 9th - 12th grade. 440 times. Other. 56% average accuracy. 2 years ago. Which type of account will typically have the highest interest rate? answer choices . a. Checking Account. b. Savings Account. Which type of account typically has low liquidity? answer choices . a. Checking Account. b. Savings Account Type of account that typically has the highest interest rate is Certificate of Deposit. It is due to Certificate deposit has the least flexibility in terms of the usage. The customer should wait until the moment of the deposit reach its maturity. Start studying Banking Everfi answers. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Which type of account is typically the MOST liquid? How often should you typically monitor your checking account? Daily. Which type of account will typically have the highest interest rate? Certificate of Deposit (CD Terms in this set (23) Interest. the amount owed for borrowing money. To earn as much interest as possible, you should open a savings account that earns _____ interest and has the ____ interest rate. compound; highest. You are opening a savings account that earns compound interest. selecting an account with high interest rate; leaving his money in the account for long period of time. 4 You are opening a savings account that earns compound interest. Which type of account will typically have the highest interest rate? A certificate of deposit (CD) is often a savings certificate that is floated for a fixed time period and offers depositors, a certain rate of interest, over a period of time.
Step 1 : Introduction to the question "which type of account will typically have the highest interest rate?" A bank account is a financial account maintained by a financial institution for a customer. A bank account can be a deposit account, a credit card account, or any other type of account offered by a financial institution, and represents