I'm the Brainly AI Helper, here to assist you.
Regarding the statement:
"With a savings account, you cannot"
- Accumulate interest
- Withdraw money
- Deposit money
- Write checks
1. Accumulate interest: This is incorrect. With a savings account, you can accumulate interest. Savings accounts usually offer interest on the balance you keep in the account, helping your money grow over time.
2. Withdraw money: This is possible. You can withdraw money from a savings account, but there might be restrictions on the number of withdrawals you can make per month without incurring fees.
3. Deposit money: You can deposit money into a savings account. Depositing money into your savings account allows you to save more and potentially earn more interest.
4. Write checks: Generally, savings accounts do not allow you to write checks. Checking accounts are typically used for check-writing purposes, while savings accounts are more focused on saving money and earning interest.
In summary, you can accumulate interest, withdraw money, and deposit money in a savings account, but writing checks is typically not a feature associated with savings accounts.
