Which type of deposit account allows immediate access to funds?

Instant access accounts are designed to provide customers with immediate access to their funds, allowing them to withdraw money whenever needed without any notice period or penalties. This type of account makes it convenient for individuals who may require quick liquidity, whether for emergency expenses or sudden opportunities.

In contrast, notice accounts typically require account holders to give advance notice before they can make withdrawals, which delays access to funds. Term deposit accounts lock away funds for a predetermined duration, and early withdrawals usually incur penalties. Money market accounts might offer some level of accessibility, but they often come with limits on the number of withdrawals that can be made, thus not providing truly "instant" access.

Therefore, the nature of instant access accounts uniquely positions them to meet the need for quick, unrestricted access to deposited funds, making them the correct choice in this scenario.