Question

A _____ savings account pays interest and allows for a regular deposits and withdrawals

Answer 1

Answer:

Regular savings account

Explanation:

One requires to commit small amounts of income each month on a regular savings account.

In exchange for providing your savings provider a fixed level of income every month, they normally pay you a higher rate of return than, for instance, if you invest a lump sum in a cash ISA or easy access account.

However, the best regular savings rates also exceed the prices on the longer fixed-rate offers offered.

This type of account has rigorous terms of service that may cause you to lose your competitive rate if you fail to adhere to them.