Savings accounts pay interest on the funds deposited. True False

Mathematics

2 answers:

pav-90 [236]3 years ago

6 0

True you can save money to do or finish things you didn't finish

sergey [27]3 years ago

3 0

Answer:

The given statement is true.

Step-by-step explanation:

Savings accounts pay interest on the funds deposited.

This statement is true.

A saving account is a kind of bank account that provides interest for the funds deposited in it. The interest earned on savings account is generally less that the interest earned on other forms like certificate of deposit etc.

The savings account can be accessed whenever required and the interest is added each month to the prevailing balance.

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