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Zach wants to open an account, but he doesn't know which kind is appropriate. He is interested in earning a higher interest rate and knows that he might not be able to write many checks from his account.
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Zach wants to open an account, but he doesn't know which kind is appropriate. He is interested in earning a higher interest rate and knows that he might not be able to write many checks from his account. In addition, he plans to keep at least $1,000 in his account so he can avoid paying a fee. He definitely wants to have federal deposit insurance. What kind of account should he open?

User Confuse
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1 Answer

4 votes

Answer:

A money market account

Step-by-step explanation:

A money market account is an interest-bearing account at a bank or credit union.

User Rejwanul Reja
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