click below
click below
Normal Size Small Size show me how
Savings Account
Basic, money market, and CD
| Question | Answer |
|---|---|
| Money market | higher interest rate |
| Certificate of deposit | highest interest rate |
| Basic savings | lowest interest rate |
| Money market | limited withdrawals |
| Certificate of deposit | penalty for early withdrawal |
| Basic savings | withdrawal anytime |
| Money market | higher minimum amount |
| Certificate of deposit | At least $1,000 - $5,000 minimum amount |
| Basic savings | At least $25 minimum amount |
| Money market | best for long term goal |
| Certificate of depsosit | best for long term goal |
| Basic savings | best for short term goal |