Final answer:
A Certificate of Deposit (CD) is the best account to open if you want to save money without immediate access to funds.
Step-by-step explanation:
If you want to save money and are not concerned about immediate access to your funds, the best account to open would be a Certificate of Deposit (CD).
A CD is a time deposit where you agree to leave your money with the bank for a fixed period of time, typically ranging from a few months to several years. In return, you earn a higher interest rate than you would with a regular savings account or a money market account. However, you won't be able to access your funds until the CD reaches its maturity date without facing a penalty.
While a savings account or a money market account offer more flexibility in terms of accessing your funds, they may have lower interest rates compared to CDs and may not be the best choice if you don't need immediate access to your money.
Learn more about Savings and Investment Accounts