A saver will usually receive the highest earnings with which one of the following types of savings plans?

Question

Quizplus · Accepted Answer

Certificate of deposit typically offers a higher interest rate than other savings plans. The savers have to commit their funds for a fixed period of time, which is determined by the term of the CD, in exchange for higher earnings. This type of savings plan is considered low-risk and ideal for those who won't need quick access to their savings.

A Saver Will Usually Receive the Highest Earnings with Which