Answered

Question 8 of 10
What is one benefit of a savings account?
You can track expenses through your checkbook.
You can earn interest on the money in the account.
You can use a debit card to pay for purchases.
You can use it to pay for daily expenses.



Answer :

GinnyAnswer
The benefit of a savings account is that you can earn interest on the money in the account. 1. **Interest Earnings**: When you deposit money into a savings account, the bank pays you a certain percentage of interest on that money. This means your savings can grow over time without you having to do anything extra. Earning interest is one way that savings accounts help you make your money work for you. By keeping your money in a savings account, you can watch your savings grow over time, as the bank pays you interest for keeping your money with them.