Final answer:
Savings accounts are not guaranteed by a government agency.
Step-by-step explanation:
Savings accounts are deposit accounts held at banks or credit unions where individuals can save money and earn interest on their savings. They are typically considered safe and reliable, but it's important to note that savings accounts are not guaranteed by a government agency. This means that if the bank or credit union fails, the government does not guarantee the full amount of money in the account.
Learn more about Savings accounts and government guarantee