When opening a savings account it is important to consider
A)APY.
B)minimum balance.
C)fees.
D)all of the options are correct.

Question

Quizplus · Accepted Answer

All of the options mentioned (APY, minimum balance, and fees) should be considered when opening a savings account. APY (annual percentage yield) determines the interest rate you will receive on your savings, the minimum balance is the amount you need to keep in the account to avoid fees, and fees can eat into your savings. Therefore, it is important to consider all of these factors before choosing a savings account.

When Opening a Savings Account It Is Important to Consider