Janelle likes to keep all her savings goals separate, so she has an account for each one, including an account to save for her college textbooks every semester. She buys books about every 6 months, with roughly $550 due each time. She likes to save the money up in installments, with auto-deposits from each of her twice monthly paychecks. She's wondering if her online savings account, earning 0.75%, is still her best option for monthly deposits toward her textbooks. Which account would you recommend? Why?

Certificate of Deposit

Because the textbooks is only needed every 6 months and secondly if she make use of the CERTIFICATE OF DEPOSIT account she will be given an interest rate by the bank every time she deposit or put in money into the account

Explanation:

Based on the information given about Janelle we were told that she buy books every six months which mostly costs her the amount of $550 each time which means that since she would like to save the cash up in installments the best option for her monthly deposits toward her textbooks is to recommend an account for her which is CERTIFICATE OF DEPOSIT account reason been that the textbooks is only needed every 6 months and secondly if she make use of the CERTIFICATE OF DEPOSIT account she will be given an interest rate by the bank every time she deposit or put in money into the account .

answer is i don't know