Question

What is generally true about savings vehicle

Answer 1

If you're likely to be dipping into some of that money to fix the house, take a vacation, or buy holiday presents, don't put too much into a long-term CD. Like savings, checking, and money market accounts, CDs are FDIC insured for up to $100,000

hope this helped XD ;)

Answer 2

I believe the answer is: people should evaluate different forms of savings vehicles based on their needs

Saving vehicle refers to the type of bank that you use to keep your savings. Different banks would offer different programs and interest rates for their consumers. To obtain the most out of saving, you need to choose the bank which offer the most profitable programs for your financial situation.