what is the benefit of a savings account? select a response. a savings account helps you track your…
what is the benefit of a savings account? select a response. a savings account helps you track your spending. a savings account creates investment opportunities. a savings account allows you to borrow money. a savings account earns interest.
Answer
Brief Explanations:
A savings account is a deposit - type account at a bank. One of its main benefits is that it earns interest on the deposited money. Tracking spending is more related to checking accounts. Savings accounts are not for borrowing money directly (unlike loans or credit cards) and they are not investment accounts in the traditional sense of creating diverse investment opportunities like stocks or bonds.
Answer:
A savings account earns interest.