in which situation would a savings account be the best investment to earn interest?\nwhen you need to make…

in which situation would a savings account be the best investment to earn interest?\nwhen you need to make frequent payments for bills\nwhen you have to pay monthly installments for a loan\nwhen you need immediate access to cash\nwhen you want to buy a new car in 3 years

in which situation would a savings account be the best investment to earn interest?\nwhen you need to make frequent payments for bills\nwhen you have to pay monthly installments for a loan\nwhen you need immediate access to cash\nwhen you want to buy a new car in 3 years

Answer

Brief Explanations:

A savings account is good for long - term goals with no immediate cash needs. Making frequent bill payments, paying loan installments, or needing immediate cash access are not ideal for savings accounts as they may have withdrawal limitations or low liquidity for such uses. Saving for a car in 3 years is a long - term goal where a savings account can earn interest over time.

Answer:

when you want to buy a new car in 3 years