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?

Question

Quizplus · Accepted Answer

An interest-earning checking account would allow Will easy access to his funds through checks, ATMs, or debit card usage from many locations. It also earns interest, though typically a lower interest rate than other accounts like money market accounts. This kind of account also offers federal deposit insurance.

Will Wants to Open an Account with $500 That Will