asked 44.4k views
2 votes
Which savings account will earn u the least money?

asked
User Dawoud
by
8.9k points

1 Answer

6 votes

Final answer:

The savings account that will earn you the least money is the one with the lowest interest rate.

Step-by-step explanation:

The savings account that will earn you the least money is the one with the lowest interest rate. Banks typically offer a range of savings accounts with different interest rates. The interest rates on savings accounts are typically lower than those on certificates of deposit (CDs). Financial investors receive a slightly higher rate of interest on CDs because they promise to leave their deposits untouched for a specific period of time. Therefore, it is important to compare the interest rates of different savings accounts to find the one that will earn you the least money.

answered
User Gautam J
by
8.1k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.