Question

A savings deposit is a type of Group of answer choices time deposit that earns interest and allows the depositor to write checks payable to other persons. time deposit that does not earn interest but does offer limited check-writing services. interest-earning account at a bank or thrift institution in which funds can be withdrawn at any time without a penalty payment. checkable deposit that also pays interest.

Answer 1

The answer is that the saving deposit is the account of interest earning at a bank or institution in which funds can be drawn out or withdrawn at anytime without a penalty payment.

Step-by-step explanation:

Saving deposit is a kind of bank deposit where mostly an individual or person or a non- profit organization drawing or withdrawing regular interest and it is payable on the notice of 30 days.

Therefore, it is a kind of account where interest earning at the bank or at institution and allows withdraw of funds at anytime without penalty.