Which of the following is not a characteristic of a typical bank savings account?(1 point)

Responses

a high interest rate
a high interest rate

savings are easily accessible for the customer
savings are easily accessible for the customer

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

an average of 0.05% interest with no other restrictions

1 answer

The correct response is:

no restrictions on money withdrawals or deposits

Typical bank savings accounts often have restrictions on the number of withdrawals or deposits that can be made within a certain period, especially to comply with regulations such as Regulation D in the United States.