Which of the following accounts typically allows limited withdrawals?

The correct choice is a savings account, which typically allows limited withdrawals. Savings accounts are designed primarily for saving money rather than frequent transactions. Most banks impose restrictions on the number of withdrawals that can be made from a savings account each month. This is often in line with regulations, such as those set by the Federal Reserve, that encourage saving rather than spending.

While checking accounts are meant for regular transactions with unlimited withdrawals, and money market accounts may allow a few more transactions than savings accounts but still restrict them to a certain extent, it's the savings account that is explicitly intended for limited access. Certificates of deposit (CDs) are not designed for withdrawals during the term without incurring penalties, further distinguishing them from savings accounts. Hence, savings accounts strike a balance between offering a place to save money while still providing some access to funds.