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Which account option allows the account holder to earn interest on their money while allowing funds to be withdrawn at will without a fee or penalty?

Group of answer choices

Certificate of deposit

Checking

Savings

Money market

User Pras
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2 Answers

4 votes

Answer: savings...

Explanation: I took the test...

User CuriousBoy
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3 votes

Answer: Savings Accounts

Step-by-step explanation:

Savings Accounts at their most basic level allow the holder to earn some small sort of interest even though this interest might be little. Customers are allowed to hold money in these accounts and be able withdraw at will mostly without a fee or penalty.

This is in contrast to Money Market accounts that usually have a limit on how many times a withdrawal can happen and Certificate of Deposit accounts that usually have a lockup period where the money is inaccessible.

User Dognotdog
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