QuestionAugust 23, 2025

Which of the following is typically a feature of a savings account but not a checking account? Ability to withdraw money from an ATM Your money earns interest FDIC insured up to 250,000 Ease of making payments using a debit card Other:

Which of the following is typically a feature of a savings account but not a checking account? Ability to withdraw money from an ATM Your money earns interest FDIC insured up to 250,000 Ease of making payments using a debit card Other:
Which of the following is typically a feature of a savings account but not a
checking account?
Ability to withdraw money from an ATM
Your money earns interest
FDIC insured up to 250,000
Ease of making payments using a debit card
Other:

Solution
4.5(141 votes)

Answer

Your money earns interest Explanation 1. Identify Features of Savings and Checking Accounts Savings accounts typically offer interest on the deposited money, while checking accounts focus on ease of transactions like payments using a debit card. 2. Compare Features Both savings and checking accounts can be FDIC insured and allow ATM withdrawals. However, earning interest is generally exclusive to savings accounts.

Explanation

1. Identify Features of Savings and Checking Accounts<br /> Savings accounts typically offer interest on the deposited money, while checking accounts focus on ease of transactions like payments using a debit card.<br /><br />2. Compare Features<br /> Both savings and checking accounts can be FDIC insured and allow ATM withdrawals. However, earning interest is generally exclusive to savings accounts.
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