Destiny wants to compare interest rates quoted by four local banks for a deposit that she wants to make in an IRA account for a period of 4 years. Which bank pays the highest interest for this 4-year IRA account?

Chase Bank: 2 1/2%, Jefferson City Trust: 1.7%, Bank of America: 2.12%, First State Bank: 1 3/4%

Responses

Bank of America

First State Bank

Jefferson City Trust