Sofia has saved $10,000. She wants to be sure that she is earning interest on her money and can add to her savings. She also wants to be able to access her money if the need should arise. Which type of account is most suitable for Sofia’s needs?

A money market account is most suitable because it can earn interest while allowing Sofia to add money and access her funds when needed. A certificate of deposit typically restricts access for a set term, and a savings bond is not designed for ready access. A checking account is accessible, but it generally offers less interest than a money market account.

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