What would be your suggestion for the next account John and Maile should open?

Question

Quizplus · Accepted Answer

Certificates of deposit (CDs) and money market deposit accounts (MMDAs) both offer higher interest rates than traditional savings accounts, and they are relatively low-risk options. CDs require a set deposit amount for a set time period, whereas MMDAs usually have lower deposit requirements and more flexibility in accessing funds. By opening both types of accounts, John and Maile can diversify their savings and potentially earn more interest without taking on undue risk.

What Would Be Your Suggestion for the Next Account John