Final answer:
A money market savings account requires a minimum balance and offers high interest rates.
Step-by-step explanation:
The type of account that requires a minimum balance and draws interest at the highest rates is a Money market savings account. These accounts typically have higher interest rates compared to checking or savings accounts, but they also require a minimum balance to be maintained. Money market savings accounts offer a good balance between earning interest and having quick access to funds.
Learn more about Money market savings accounts