Responses
no restrictions on money withdrawals or deposits
no restrictions on money withdrawals or deposits
savings are easily accessible for the customer
savings are easily accessible for the customer
an average of 0.05% interest with no other restrictions
an average of 0.05% interest with no other restrictions
a high interest rate
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The response that is not a characteristic of a typical bank savings account is:
a high interest rate
Typically, savings accounts offer low interest rates, often around the range of 0.05% to 1% or slightly higher, but they do not provide "high" interest rates compared to other investment options.
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1 answer
1 answer
1 answer