Which of the following is not true regarding a savings account?
A) It does not provide checking services.
B) It is less liquid than a checking account.
C) It pays lower interest than a checking account.
D) It is less convenient than a checking account.

Question

Quizplus · Accepted Answer

Savings accounts typically offer higher interest rates compared to checking accounts, which often have very low or no interest. This is because savings accounts are designed to hold funds that are not needed for daily expenses, encouraging saving by offering interest earnings.

Which of the Following Is Not True Regarding a Savings