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The Best Reason for Depositing Money in a Bank or Credit Tunion Savings Account Instead of Keeping Your Money "under the Mottress" S"Is

Problemas

The best reason for depositing money in a bank or credit tunion savings account Instead of keeping your money "under the mottress" s"Is that; D. Money in o sovings account can be accessed any time during the day or night Most sovings accounts come with o free credit cord A. Money deposited in sovings accounts are F.D.LC. Insured B. Most sovings accounts Game guaranteed rate of interest

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Felipe maestro · Tutor durante 5 años
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Respuesta

The best reason for depositing money in a bank or credit union savings account instead of keeping your money "under the mattress" is:A. Money deposited in savings accounts is insured.This means that the money you deposit in a savings account is protected by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), which guarantees the safety of your deposits up to a certain amount. This provides peace of mind and security, as your money is protected against potential losses or theft.The other options are not the best reasons:B. Most savings accounts do not have a guaranteed rate of interest. The interest rate may vary depending on the bank or credit union, and it may change over time.C. While many savings accounts do come free credit card, this is not the primary reason for depositing money in a savings account.D. Money in a savings account can be accessed at any time during the day or night, but this is not the main advantage compared to keeping money "under the mattress." The main advantage is the insurance protection provided by the FDIC or NCUA.Therefore, the best reason for depositing money in a bank or credit union savings account instead of keeping it "under the mattress" is that the money is insured, providing safety and security for your funds.