Which type of account will typically have the highest interest rate?

Quesiton : Which type of account will typically have the highest interest rate?

Answer: Certificate of Deposit (CD)

Which type of account will typically have the highest interest rate? How can the answer be improved? [Ans] Which type of account will typically have the highest interest rate ? Step 1 : Introduction to the question " which type of account will typically have the highest interest rate ?" A bank account is a financial account maintained by a financial institution for a customer. What type of bank account typically offers no interest ? Payday Lender. What typically have the highest fees? Debit Card. What typically has the lowest fees or costs to use? Debit card credit card cash advance or a payday loan? APR. the term referring to the rate of yearly interest for your credit card is commonly known as: Buying a new car ... Which type of account will typically have the highest interest rate ? - 2989392 1. Log in Join now 1. Log in Join now Middle School. Social studies. 5 points Which type of account will typically have the highest interest rate ? A Checking Account B Savings Account ... The interest rate tend to be typically high because you cannot withdraw the ... Which type of account will typically have the highest interest rate ? Mon Dec 03 2018 00:00:00 GMT+0530 (IST) · Which type of account will typically have the highest interest rate ? A certificate of deposit (CD) is often a savings certificate that is floated for a fixed time period and offers depositors a certain rate of interest over a period of time. In certificate deposit the interest rate rate is fixed and there is penalty if you withdraw funds before maturity ans this may lead to inflation in your savings. Compared to other saving accounts like Savings Account Money Market Account Checking Account among others Certificate deposit typically have highest rate interms of interest . Some banks and credit unions offer high yield / reward checking accounts that pay a high rate for deposits typically up to $10 000 or at most $20 000. Any balances above the cutoff amount are paid based on the market interest rate which is currently around 0.5%. According to the options the account with the highest interest rate is option B Deposit Certificate because it is a type of deposit in which the clients leave their money in the institution (the bank) for a fixed period of time and the institutions generally grant higher interest rates than accounts in which customers can withdraw their money at anytime. Start studying Everfi Notecards. Learn vocabulary terms and more with flashcards games and other study tools. ... Which would most likey have the highest interest rate ? Certificates of Deposit (CDs) Examples of savings vehicles include. ... Real estate is usually an example of what type of asset? Fri Jun 16 2006 00:00:00 GMT+0530 (IST) · Best Answer: Emigrantdirect.com and INGdirect has one of the highest interest rate for a savings account . But a majority of Bank accounts usually don't have high interest rates. You are better off investing in mutual funds if you want the highest rate of return in the LONG RUN.