Which of the following is not a benefit of a savings account?
A)Account holders must give 30 to 60 days' notice for withdrawals
B)Account holders are provided with printed receipts to document their account transactions.
C)Account holders are provided with printed receipts to document their account transactions
D)No fees are assessed as long as a low minimum balance is maintained.

Question

Quizplus · Accepted Answer

Account holders having to give 30 to 60 days' notice for withdrawals is not a benefit but a restriction or limitation of a savings account. The other options listed are all benefits of a savings account. B and C highlight the convenience of having printed receipts to track transactions, and D mentions the absence of fees provided a minimum balance is maintained.

Which of the Following Is Not a Benefit of a Savings