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What type of account is typically the most liquid?

2 Answers

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They are checking accounts, savings accounts, certificate of deposit, and exchange traded funds.
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User Bojana
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Answer: Checking account

Checking account is typically the most liquid type of account.

Explanation:

Checking account refers to a deposit account which allows or enables an individual to deposit and withdraw money by writing a check, using a debit card, arranging for electronic transfers and so on. It has a lower interest rate and is a very liquid account. It is an easiest type of account to use for small and frequent expenses. It also gives users access to numerous withdrawals and unlimited deposits.

User Vsxen
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