Which savings account will earn you the most money?

1.One that earns simple interest monthly.
2.One that compounds interest daily.
3.One that earns simple interest daily.
4.One that compounds interest monthly.


Sagot :

Answer:

one that earns simple interest daily

The savings account that earn you the most money is: 3.One that earns simple interest daily.


What is savings account?

Savings account is an account that enables you to save while you earn interest on the amount saved reason being that saving account is an interest earning account.

A saving account that gives you simple interest daily is the best as it will enable to accumulate more interest.

Therefore the savings account that earn you the most money is: 3.One that earns simple interest daily.

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