In which situation would a savings bond be the best investment to earn interest?

if you need access to your cash quickly

if you are saving each month for a new car

if you are putting aside a chunk of money to purchase a house in five years

if you have a large amount of money to save at one time

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14-03-2018
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In which situation would a savings bond be the best investment to earn interest?

if you need access to your cash quickly

if you are saving each month for a new car

if you are putting aside a chunk of money to purchase a house in five years

if you have a large amount of money to save at one time

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MrsTriplet MrsTriplet · Answer 1 · 2018-06-16T14:57:43+02:00

If you have a large amount of money to save at one time, a savings bond would be the best investment to earn interest. If you do not need the money right away, a savings bond will allow you to earn interest at a faster rate. Since savings bonds are longer-term investments, the other options would not fit the purpose as much due to needing the funds at a quicker rate. If you were to put the money directly into a savings account over a bond, you have easier access to the funds; however, the interest is very small in comparison.

jaqueliner9634 jaqueliner9634 · Answer 2 · 2021-03-31T02:00:03+02:00

jaqueliner9634 jaqueliner9634

31-03-2021

Answer:

C. If you are putting aside a chunk of money to purchase a house in five years.

Explanation:

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In which situation would a savings bond be the best investment to earn interest? if you need access to your cash quickly if you are saving each month for a new car if you are putting aside a chunk of money to purchase a house in five years if you have a large amount of money to save at one time

Respuesta :

Otras preguntas

In which situation would a savings bond be the best investment to earn interest?

if you need access to your cash quickly

if you are saving each month for a new car

if you are putting aside a chunk of money to purchase a house in five years

if you have a large amount of money to save at one time