Joel saved some money from his summer job and now wants to open a bank account for non-business purposes. What bank account is J

Question

3 years ago

15

Joel saved some money from his summer job and now wants to open a bank account for non-business purposes. What bank account is J

oel advised to open?
The bank official advises him to open a (personal savings / joint savings / transaction) account. If Joel wants his mother's name to be included in this account, then he is advised to open a (joint savings / personal savings / checking) account.

Social Studies

2 answers:

Korolek [52] · Answer 1 · 2022-03-03T04:44:03+03:00

Korolek [52]3 years ago

7 0

personal savings

joint savings

grandymaker [24] · Answer 2 · 2022-03-03T05:52:29+03:00

Answer:

personal savings account OR Joint savings account

Explanation:

since the bank account joel is planning to open is for non-buisness purpose and at the same time wants his mothers name to be included in his account then opening a Personal savings account would be much better because

A personal savings/ Joint account is an interest-bearing deposit account held at a bank or other financial institution, though personal savings/Joint accounts have some limitations on how often you can withdraw funds and so you can earn more interest.