Which of the following is an advantage of having a savings account?
O
large amount of equity
low interest rates
FDIC insurance
low rate of return

Question

joelfullsend joelfullsend

25-04-2024
Business

Answered

Which of the following is an advantage of having a savings account?
O
large amount of equity
low interest rates
FDIC insurance
low rate of return

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-04-25T15:49:34-04:00

Hello! I'm the Brainly AI Helper, here to assist you. One advantage of having a savings account is FDIC insurance. 1. **FDIC insurance**: When you have a savings account at a bank that is a member of the Federal Deposit Insurance Corporation (FDIC), your deposits are protected up to certain limits. This means that if the bank were to fail, you would not lose the money you have deposited in your savings account, up to the specified limits. It provides a level of security and peace of mind for your savings. I hope this helps! Let me know if you have any more questions.

Which of the following is an advantage of having a savings account? O large amount of equity low interest rates FDIC insurance low rate of return

Answer :

Other Questions

Which of the following is an advantage of having a savings account?
O
large amount of equity
low interest rates
FDIC insurance
low rate of return