Kelly wants to save money for an emergency fund. She decides to take advantage of the high interest rates of the holiday club her bank offers. Evaluate Kelly's decision.

Question

anonymous · Answer

Kelly made the right choice because her savings will grow due to the interest earned.
Kelly made the right choice because she will not be tempted to spend her emergency fund.
Kelly made the wrong choice because holiday club accounts have restrictions on when the funds can be accessed.
Kelly made the wrong choice because holiday clubs allow too easy access to her funds.