Register
What does it mean to have a minimum balance on Checking Accounts and what is the benefit of earning interest on a Savings Account?
21.8k views
2 votes
What does it mean to have a minimum balance on Checking Accounts and what is the benefit of earning interest on a Savings Account?

User Gweg
by
5.7k points

1 Answer

3 votes

Step-by-step explanation:

The minimum balance is the minimum dollar amount that a customer must have in an account.

The benefit of earning interest on a savings account? The bank may be able to pay you interest on your balance once each year.

User Xerkus
by
5.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

Other Questions

What values does atticus teach jem and scout?
Leviathon was apart of captian nemos crew true or false?
The walrus and the Carpenter The sun was shining on the sea Shining with all his might He did his very best to make The Billows smooth and bright And this was odd because it was the middle of the night
Which choice is an example of an incorrect or illogical comparison? A. This magazine has longer articles than that magazine does. B. Our school newspaper is produced more frequently than is the middle
Homesteading families who settled on the plains amused themselves at square dances. Which is the complete predicate of the sentence? families Homesteading families on the plains amused amused themselves
Link Copied!