​In which situation would a savings account be the best Investment to earn Interest?

​In which situation would a savings account be the best Investment to earn Interest?

A. Saving for retirement in 20 years

B. Savings to make money available quickly when needed

C. Saving to buy a new car in three years

D. Saving to buy a new house in seven years

Answer:- B. Savings to make money available quickly when needed

Savings account refers to the kind of account where cash can be placed in order to save your money safe whereas earning interest. With very lower interest rates, the savings account is finest used for saving money in order to entree it when needed. Investing the money in savings account for a long period of time will make you earn less. With the help of this, investment in a savings account will only make the cash available whenever you need it.