Question

Will wants to open an account with $500 that will allow him easy access to his funds (by checks, ATMs, or debit card usage) from many locations. He also wants to earn at least a low interest rate and have federal deposit insurance. What kind of account should he open?

Answer 1

The answer is An interest-earning checking account

Step-by-step explanation:

An interest-earning checking account is an account on which you can write checks that earn interest. This account allows you to earn interest on easily accessible cash.