mmyersdamarion1 mmyersdamarion1

23-05-2024
Business

Answered

The traditional way to save money in the bank.
O Checking Account
O Certificate of Deposit
O Savings Account
O Money Market Account

Answer :

GinnyAnswer GinnyAnswer

23-05-2024

Final answer:

A Certificate of Deposit (CD) offers higher interest rates than regular savings accounts but incurs penalties for early withdrawals.

Explanation:

One traditional way to save money in a bank is by utilizing a Certificate of Deposit (CD). With a CD, you agree to deposit a certain amount for a specific period, and in return, the bank offers a higher interest rate compared to a regular savings account. However, withdrawing money before the term ends may result in a substantial penalty.

Learn more about savings accounts and certificates of deposit here:

https://brainly.com/question/30118323

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