a customer willing to open an account with a large minimum balance for an extended amount of time would earn…
a customer willing to open an account with a large minimum balance for an extended amount of time would earn the most interest putting the money into a\nregular savings account.\ncompound interest account.\nmoney market account.\ncertificate of deposit.
Answer
Brief Explanations:
Certificates of deposit (CDs) typically offer higher interest rates for customers who deposit a large minimum balance for an extended period as they are time - locked deposits. Regular savings accounts have lower interest rates. While compound interest accounts can earn good interest, CDs usually offer better rates for long - term, large deposits. Money market accounts also generally have lower rates compared to CDs for such scenarios.
Answer:
certificate of deposit.