Question

what feature allows money to be automatically moved to your savings account on a regular basis?
a. mobile banking
b. automatic deposits
c. online transfers
d. atm access
this is a required question
which type of account might be the best for someone who doesnt need to access their savings for a fixed period of time and wants higher interest rates?
a. high - yield savings account
b. money market account
c. traditional savings account
d. certificate of deposit (cd)

Explanation:

First Question:

• Option A: Mobile banking is for managing accounts via mobile, not auto - move to savings.
• Option B: Automatic deposits can be set to regularly move money to a savings account, matching the feature described.
• Option C: Online transfers are manual or on - demand, not regular automatic moves.
• Option D: ATM access is for withdrawing/depositing at ATMs, not auto - moving to savings.

• Option A: High - yield savings accounts allow more access than a CD and have lower rates than CDs in some cases.
• Option B: Money market accounts have more liquidity and lower rates than CDs.
• Option C: Traditional savings accounts have low rates and easy access.
• Option D: Certificates of Deposit (CDs) require leaving money for a fixed period and offer higher interest rates than the other options for such a scenario.

Answer:

B. Automatic deposits

Second Question: