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Richard generally keeps approximately $15,000 in checking and savings at his local financial institution. He makes several deposits and withdrawals to his accounts each month.

Richard generally keeps approximately $15,000 in checking and savings at his local financial institution. He makes several deposits and withdrawals to his accounts each month. Richard is interested in earning the highest interest possible, but he doesn't want to worry about transferring funds between his NOW account and his money market deposit account. Which type of account(s) would you recommend as a possible alternative for Richard?

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