Answered

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Which type of savings plan offers the lowest interest rate?

A. Checking account
B. Savings account
C. Certificate of deposit
D. Money market account

Sagot :

GinnyAnswer

Final answer:

Checking account offers the lowest interest rate among the given options.


Explanation:

The type of savings plan that offers the lowest interest rate is a Checking account. Checking accounts typically pay little to no interest as their primary function is to facilitate transactions. On the other hand, savings accounts, certificate of deposits (CDs), and money market accounts offer higher interest rates compared to a checking account.


Learn more about Savings plan interest rates here:

https://brainly.com/question/39276068


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