20.9k views
0 votes
Which of the following savings vehicles usually requires a high minimum balance

User Simaglei
by
8.6k points

1 Answer

3 votes
A Savings Vehicle is an effective way to hold your savings. It could be a savings account. But some requires a high minimum balance such as Certificate of Deposit (CD). It is generally issued by commercial banks.  It is a time deposit too and restricts you from withdrawing funds.
User Zanderi
by
7.9k points

No related questions found