WorksheetsSavings accounts
Total questions: 9
Worksheet time: 5mins
What is a savings accounts?
A savings account is a basic type of financial product that allows you to deposit your money and typically earn a modest amount of interest
A savings account is a separate bank account for your business that is strictly used for payroll
A savings account is a deposit account held at a financial institution that allows withdrawals and deposits.
With savings accounts can you use the money using a debit card?
TRUE
FALSE
Can you lose money in a savings account?
No, You’ll never lose the money you have saved
it is up to the FDIC
If you stop using the card for a while, you lose the money
It's a Savings accounts advantage ...
Savings accounts are generally interest-bearing, meaning you will earn interest on the money you save in the account.
savings account let you make up to six withdrawals or transfers per statement cycle.
You don’t need a large amount of money to open a savings account, and you also have easy access to your money
All the answers are correct
in savings accounts there are some limits when making a transaction, this statement is:
TRUE
FALSE
I DON'T KNOW
Features about the saving accounts:
You can use a debit card
Have online bill pay
Earn interest
All ATM withdrawal and online transfer are unlimited
When you open a savings account at a bank or credit union and deposit money into the account, the bank then pays you interest on your balance?
TRUE
FALSE
With which methods you can continue adding money to savings:
Direct deposit
Wire transfers from another bank account
Cash or check deposits at a branch
All are correct
When you want to set aside money for future needs and goals, a savings account may be the best option, this statement is:
FASLSE
TRUE
