Question 1202727: Consider the following information on TD Bank savings accounts:
https://www.td.com/ca/en/personal-banking/products/bank-accounts/account-rates
a) Why are there over 20 rates available with TD Bank?
b) Let's say that you have spent approximately $125 on fast food and entertainment over the last month. If you instead saved this money and deposited it today into a savings account with TD, what interest rate would you get? Explain.
Consider the following information on the Simplii Financial savings account:
https://www.simplii.com/en/bank-accounts/high-interest-savings.html
c) Using the same amount you spent on fast food and entertainment in (b), if you instead saved this money and deposited it today into a savings account with Simplii, what interest rate would you get?
d) If you wanted to open an account to earn the most interest, what bank would you choose an account with?
Answer by ikleyn(52782)   (Show Source):
You can put this solution on YOUR website! .
Interest rates for questions (b) and (c) are given to you
in tables in that source to which you refer to.
So, all you need to do, is to open widely your eyes,
to read what is written in the source and to choose an appropriate line.
This assignment assumes that you are able to read English
and also are able to understand what is written there.
As soon as you have these skills (the pre-requisites),
you SHOULD be able to complete this job on your own.
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