Jordan has inherited some money and he wants to put it into an account

that would be very safe. He's worried about having to pay taxes on the

interest as well. What is the best option for savings? *

O

Treasury Bill or Note

O

Corporate Bond

High Yield Savings Account

O

Certificate of Deposit

The correct answer is the third option: High Yield Savings Account.

Explanation:

To begin with, the name of "High Yield Savings Account" refers to a financial tool whose purpose is to act as a deposit account in order to save money with the plus of getting a higher interest rate than in other traditional saving accounts and also offers better returns than traditional checking accounts. Moreover, this typo of account does also tends to come with no monthly fees and low fees for certain situations like having non-sufficient funds. That is why this is best option for Jordan in order to save the money that he inherited.