1. Choose which savings product you would use for each situation

Savings Products:
CD
Savings account
Money market deposit account

You have about $500 you want to set aside. You don’t need to withdraw this money for at least 1 year. You want to put it into an account that earns an interest rate that’s higher than a regular savings account.

Question

1. 	Choose which savings product you would use for each situation

Savings Products:
CD
Savings account
Money market deposit account

You have about $500 you want to set aside. You don’t need to withdraw this money for at least 1 year. You want to put it into an account that earns an interest rate that’s higher than a regular savings account.

jdoe0001 · Answer

what do you think?

anonymous · Answer

i think its Money market deposit account

jdoe0001 · Answer

I think so too, since that one would have a higher rate of return