Which savings account will earn you the most money Everfi

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by JoelL, Nov. 2016

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Interest is...

The amount owed for borrowing money.

To earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest rate.

Compound; highest

John just opened a savings account and wants to maximize the amount of interest he earns. Which of the following actions would enable him to earn MORE interest?

Selecting an account with a high interest rate and leaving his money in the account for long period of time

You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money?

What type of savings account will earn you the most money?

Which savings account will earn you the least money daily or monthly?

What is one benefit of a savings account Everfi quizlet?

Which compounding frequency will earn you the most money?