34.3k views
0 votes
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?

User KiwiNige
by
8.2k points

1 Answer

6 votes
This is a checking account. These types of accounts make it easy to add and withdraw funds, but they typically also have very low rates of return. The funds are very safe in the accounts, up to the FDIC maximum, but they will earn very little for staying in the account. In addition, it is usually easy to open a checking account, requiring as little as $1 in some banks.
User Honus
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories