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QUESTION 2 of 10: Which is NOT something you should look for in a savings account?


a) Low (or no) monthly fee
b) Rewards for using your debit card
c) Free online banking
d) Competitive interest rate

Sagot :

lykabelle

Answer:

d. Rewards for using your debit card

Explanation:

A "debit card" allows a person to withdraw his funds from his checking account, not from his savings account. It is the checking account that usually offers debit cards.

A "savings account" allows a person to do "online banking." Some banks are purely online and they offer "low or no monthly fee." Depositing money to your savings account provides a competitive interest rate, which is dependent on the amount of money you are putting away.

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