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.
Savings and Investing Unit Test
9 of 159 of 15 Items
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
1 answer