Vincent has set a financial goal to purchase a home in five years. He wants a two-bedroom house with a small backyard in the north side of the city. He has $5,000 currently in his savings account. If he doesn’t deposit or withdraw any money, what type of savings account or savings bond should he choose? Keep in mind that he wants to have the most money in his account at the end of five years.
Which savings option is best for Vincent?