Which type of account will typically have the highest interest rate?

Question: Which type of account will typically have the highest interest rate?

Possible answers: 

• A) Checking Account;
• B) Savings Account;
• C) Money Market Account;
• D) Certificate of Deposit (CD)

Let's look at all of the options.

Checking account is also known like transactional account. Until 2011 bancs can`t pay interest for this type of account because the certain goal of CA is make quick transactional on demand. So the interest rate of CA is very low.

Saving account is more profitable, because people use this type of account to earn money. Nevertheless, the interest rate of SA is lower than interest rates of CD and Money Market.

If you look at official interest rates in Bank of America, you will see that:

and that:

So the most biggest interest rate have CD.

The correct answer is D.