97.9k views
4 votes
Which of the following accounts will give you the least Access to your money A.

simple savings account B.certificate of deposit C.checking account D.cash

User Ithar
by
7.4k points

1 Answer

4 votes
B is the correct answer. Certificate of deposit is the certificate that you get when you deposit money for a specified time. You can't touch the money before the time you specified when you decided to deposit the money. You can withdraw the money, paying a price, a penalty for early withdrawal. That depends on the bank terms. Other options given on the question, are easily accessed by the owner.
User Ashirvad
by
7.7k points