Juan saved $1,000 from his summer job cleaning pools. Which of these savings vehicles would work best for him if he doesn't need access to the money for a number of years AND wanted to earn the highest interest rate?

Certificate of Deposit (CD)

Explanation:

A certificate of deposit is a type of savings account offered by financial institutions. In this type of account, the customers agree to deposit a stated sum of money for a fixed period. It means the customer will not withdraw the money until the period agreed with the financial institution lapses. In return, the financial institutions offer higher interest rates to the certificate of deposit accounts compared to other savings accounts.

Juan does not have an immediate use for the $1000 he had saved. A certificate of deposit account will restrict his withdrawals and offer him a higher interest rate.

answer: life insurance

explanation:

answer; it can vividly demonstrate product attributes and persuasively explain their corresponding consumer benefits;