A regular savings account usually offers a lower rate of return to savers than other savings plans.

Question

Quizplus · Accepted Answer

This statement is generally true. A regular savings account usually has lower interest rates compared to other types of savings plans such as high-yield savings accounts, money market accounts, and CDs. This is because regular savings accounts are designed to provide basic interest and liquidity, with fewer restrictions and fees than other types of accounts. However, it's important to note that interest rates can vary depending on the bank, and some banks may offer higher rates for regular savings accounts than others.

A Regular Savings Account Usually Offers a Lower Rate of Return