in which situation would a savings account be the best investment to earn interest?\no when you need to make…

in which situation would a savings account be the best investment to earn interest?\no when you need to make frequent payments for bills\no when you have to pay monthly installments for a loan\no when you need immediate access to cash\no when you want to buy a new car in 3 years

in which situation would a savings account be the best investment to earn interest?\no when you need to make frequent payments for bills\no when you have to pay monthly installments for a loan\no when you need immediate access to cash\no when you want to buy a new car in 3 years

Answer

Brief Explanations:

A savings account is good for long - term goals with time to earn interest. Making frequent bill payments, paying loan installments, or needing immediate cash access are not ideal for maximizing savings account interest. Saving for a new car in 3 years allows time for interest to accumulate.

Answer:

when you want to buy a new car in 3 years