Worksheetssavings account
Total questions: 10
Worksheet time: 8mins
whats one advantage of a savings account?
high intrest
deposit insurance
cost savings
easy to budget shared income
what is one disadvantage of a savings account
limited to certain transfers and withdrawals
does not earn intrest
overdraft fees
Is there a penalty to withdraw money? yes or no?
yes
no
is a savings account best for long term or short term goals?
Long term
short term
Whats the minimum amount to open this type of account?
30 to 80 dollars.
60 to 90 dollars.
25 to 100 dollars.
10 to 30 dollars.
How much is the penalty to withdraw money from a savings account?
up to 10000
up to 5000
below 2000
below 1000
does a savings account pay intrest?
no
yes
one diffrence between a savings and intrest account?
what fees are associated with a savings account?
withdrawal fee
overdraft fees
account closing fee
what exactly is a savings account or a part of it?
it is an intrest bearing deposit account.
helps day to day finaces
