You are examining your choices of banks to open a new savings account. Costs include monthly maintenance fees and statement copy fees. Income can come from ___________.

Question

a.
Overdraft fees
b.
Debit cards
c.
Minimum monthly balance
d.
Interest on deposits

Answer 1

The correct answer is: d. Interest on deposits.

Income from a savings account typically comes from the interest accrued on the deposits you maintain in the account.