Question

Savings and Investing Unit Test
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Question
Which of the following is not a characteristic of a typical bank savings account?(1 point)
Responses

an average of 0.05% interest with no other restrictions
an average of 0.05% interest with no other restrictions

no restrictions on money withdrawals or deposits
no restrictions on money withdrawals or deposits

a high interest rate
a high interest rate

savings are easily accessible for the customer

Answer 1

The characteristic that is not typical of a typical bank savings account is:

**a high interest rate**

Bank savings accounts generally offer low interest rates, often around 0.05% or similar, rather than high interest rates.