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

Question

Quizplus · Accepted Answer

This statement is false. Regular savings accounts usually offer lower rates of return compared to other savings plans, such as high-yield savings accounts or certificates of deposit (CDs). The benefit of regular savings accounts is that they usually have lower minimum balance requirements and more flexibility in withdrawals compared to other savings plans.

A Regular Savings Account Usually Offers a Higher Rate of Return