sofia has saved $10,000. she wants to be sure that she is earning interest on her money and can add to her…

sofia has saved $10,000. she wants to be sure that she is earning interest on her money and can add to her savings. she also wants to be able to access her money if the need should arise. which type of account is most suitable for sofias needs? a money market account a certificate of deposit a savings bond a checking account

sofia has saved $10,000. she wants to be sure that she is earning interest on her money and can add to her savings. she also wants to be able to access her money if the need should arise. which type of account is most suitable for sofias needs? a money market account a certificate of deposit a savings bond a checking account

Answer

Brief Explanations:

A money - market account offers interest on deposits, allows for additional savings deposits, and provides relatively easy access to funds in case of need. A certificate of deposit has a fixed term and early - withdrawal penalties, limiting access. Savings bonds are long - term investments with limited liquidity. A checking account usually has low or no interest.

Answer:

a money market account