identify the following bank account. this account offers a good interest rate, but tends to require a…

identify the following bank account. this account offers a good interest rate, but tends to require a certain minimum deposit. usually, this account becomes mature in a matter of several months. you can withdraw money from this account before it becomes mature without penalty, but there is a limit to how frequently you can withdraw it. a. savings account b. online savings account c. money market account d. certificate of deposit

identify the following bank account. this account offers a good interest rate, but tends to require a certain minimum deposit. usually, this account becomes mature in a matter of several months. you can withdraw money from this account before it becomes mature without penalty, but there is a limit to how frequently you can withdraw it. a. savings account b. online savings account c. money market account d. certificate of deposit

Answer

Brief Explanations:

Savings accounts typically offer interest, may have a minimum - deposit requirement, and have withdrawal limitations. Online savings accounts are a type of savings account but the description doesn't specifically point to it being online. Certificates of Deposit (CDs) usually have a fixed term and early - withdrawal penalties. Money market accounts often offer competitive interest rates, require a minimum deposit, and have limits on the frequency of withdrawals.

Answer:

c. Money market account