Question

Savings accounts usually offer _________ interest rates than checking accounts. It is _________ to access your money in a savings account than in a checking account. A. lower; easier B. higher; easier C. higher; harder D. lower; harder

Answer 1

The answer is C. higher; harder

Answer 2

The answer is: C. higher; harder

Saving account is beneficial if you are not planning to use the money within a short period of time.

Typically, the interest rate provide around 0.08% interest rate annually while checking account only provide you with 0.06%. But, it is harder to access the money in your saving account since most banks put limitation on how much money you can withdraw each month.