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Question 21 of 25

Which of the following will typically offer the highest interest rate?

A. Piggy bank
B. Certificate of deposit
C. Savings bond
D. Basic savings

Sagot :

GinnyAnsweridn

Final answer:

Certificate of deposit (CD) generally offers the highest interest rates compared to other savings options.


Explanation:

Certificate of deposit (CD) typically offers the highest interest rate compared to other options like piggy banks, savings bonds, and basic savings accounts. When you deposit money into a CD for a specified term, the bank pays you a higher interest rate in return for leaving the funds untouched for that period. This higher interest rate makes CDs a popular choice for savers looking to earn more on their deposits.


Learn more about Interest rates and savings options here:

https://brainly.com/question/43511444


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