In which situation would a savings account be the best investment to earn interest? saving for retirement in 20 years
saving to buy a new car in three years
saving to buy a new house in seven years
saving to easily access the money when needed

In accounting, A situation that would be best for savings account so that an investment can earn interest is D:saving to easily access the money when needed.

What is an investment?

An investment  can be regarded as asset or item that is been gotten so as to generate income or appreciation.

To earn interest, it will be best to use savings account so that there could be easy access to the  money when needed.

We can conclude that this will help to invest the money into good investment whenever you like.

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D). Saving to easily access the money when needed.

Explanation:

Savings account are the type of accounts in which you can deposit and keep your money safe while earning interest. But the interest rates on the savings account is relatively very low. Therefore, the best situation for investment in savings accounts to earn interest would be 'saving to access the money easily when needed' as it will help in investing the money at a place where the rate of return is higher or withdraw the amount whenever required. If we invest money in a savings account for a longer duration, you may not be able to earn much. Thus, option  D is the correct answer.

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