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Which type of savings account offers the best interest rates?
A. Savings account
B. Checking account
C. Money market account
D. Certificate of deposit

Sagot :

gauravsingh23VT

Certificate of deposit is a type of savings account offers the best interest rates. It has the highest rate of interest among all the savings accounts, but they have limited funds.

What is Certificate of deposit?

Certificate of deposit is the saving account that holds the fixed amount of money for a particular fixed time like six months, 5 years and according to that back pay the interest.

When a person redeem or take out the money from certificate of deposits they get the whole amount with the interest.

Thus, option D is correct.

For more details about Certificate of deposit, click here:

https://brainly.com/question/2273527

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