BANKING AFFAIRS

Detailed explanation-1: -Traditional savings accounts earn the least amount of interest. Money market accounts earn higher interest rates than traditional savings accounts but still typically offer lower interest rates than other accounts.

Detailed explanation-2: -Checking accounts are generally not meant for building savings and, as such, many do not earn any interest.

Detailed explanation-3: -Certificates Of Deposit With The Highest Interest Rates A CD is a type of savings account that typically offers a higher interest rate than a traditional one. And while the interest rate on CDs can vary, some offer rates as high as 5.00% APY.