Final answer:
The correct answer is c) Pays high-interest rates, as checking accounts typically offer security, include a debit card, and do not pay high interest traditionally.
Step-by-step explanation:
When evaluating the features of a checking account, it's important to recognize what is typically offered by banks. A checking account usually provides the account holder with various transactional conveniences, such as writing checks and using a debit card. Debit cards act similar to credit cards, but the funds are immediately taken from the checking account. Additionally, checking accounts are designed to offer a high degree of security for your funds, underscored by institutions like the Federal Deposit Insurance Corporation (FDIC), which insures deposits up to $250,000.
However, checking accounts are not generally known for paying high-interest rates. This contrasts with savings accounts, which are designed to accrue interest over time. While some modern checking accounts may offer interest similar to savings accounts provided certain conditions are met, traditionally, they offer low or no interest. Therefore, the correct answer to 'Which is not generally a feature of a checking account?' is c) Pays high-interest rates.