Question

Which of the following would be a good reason to place your money into a savings account?
a.
You can purchase stocks with a savings account
b.
A savings account earns interest
c.
You can write checks with a savings account
d.
You can use a debit card to make transactions

Answer 1

b. A savings account earns interest.

Explanation: Savings accounts are intended for storing money and earning interest. Checking accounts (or brokerage accounts) are used for writing checks, using debit cards, or buying stocks.