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If someone had $5,000 and wanted to place it in a financial institution, what type of institution and account would you suggest to the person?

If someone had $5,000 and wanted to place it in a financial institution, what type of institution and account would you suggest to the person?
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If someone had $5,000 and wanted to place it in a financial institution, what type of institution and account would you suggest to the person?

User Michael Schubert
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The most sensible financial institution wherein you can put $5000 dollars safely is a bank. The type of account that I would suggest to the person who has such amount of money would be a savings account so that he could deposit it and keep it secure till he withdraws it.
User Daniel Silveira
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