Sofia has saved $10,000. she wants to be sure that she is earning interest on her money and can add to her savings. she also wants to be able to access her money if the need should arise. which type of account is most suitable for sofia’s needs? a money market account a certificate of deposit a savings bond a checking account?
Question: Sofia has saved $10,000. she wants to be sure that she is earning interest on her money and can add to her savings. she also wants to be able to access her money if the need should arise. which type of account is most suitable for sofia’s needs? a money market account a certificate of deposit a savings bond a checking account?
Based on Sofia's needs, a money market account may be a suitable option for her. Money market accounts are similar to savings accounts but can offer higher interest rates. Some also let you make payments directly from your money market account with checks, a debit card, or online bill pay. This would allow Sofia to earn interest on her money while still having access to it if the need should arise. However, it's important to note that every financial institution has its own terms and conditions for their accounts, so it would be a good idea for Sofia to compare the options available to her before making a decision.
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