hree of these statements best describe a checking account. Which statement best describes a savings account?

Question

Responses

This account offers a convenient way to pay bills and access cash from an ATM
This account offers a convenient way to pay bills and access cash from an ATM

This account is automatically debited when you use a debit card
This account is automatically debited when you use a debit card

This account pays you interest on money you have put away for later to help your money grow
This account pays you interest on money you have put away for later to help your money grow

This account typically allows an unlimited number of transactions per month

Answer 1

The statement that best describes a savings account is:

"This account pays you interest on money you have put away for later to help your money grow."

This highlights the primary purpose of a savings account, which is to save money while earning interest over time.