Question

What do financial institutions do to incentivize people to save and invest money with them?


destroy competition


charge you interest


pay interest to your savings account


pizza party

Answer 1

offer interest-bearing savings accounts

offer investment opportunities with the potential for high returns

provide educational resources and financial planning tools

offer rewards or bonuses for reaching savings or investment milestones

provide personalized financial advice and recommendations

offer competitive interest rates and fees compared to other institutions