Question

What is the main difference between a regular and a high-yield savings account?

(1 point)
Responses

The interest rate paid on the balance.
The interest rate paid on the balance.

The ability to write checks on the account.
The ability to write checks on the account.

The amount of FDIC insurance offered.
The amount of FDIC insurance offered.

The monthly fee for account services.

Answer 1

The interest rate paid on the balance. High-yield accounts offer a higher APY than regular savings.