____ typically pay the highest rates of interest on savings.
A)Commercial banks
B)Credit unions
C)Savings banks
D)Mutual savings banks

Question

Quizplus · Accepted Answer

Credit unions typically offer higher interest rates on savings because they are non-profit organizations and their earnings are returned to members in the form of higher rates and lower fees. Commercial banks, savings banks, and mutual savings banks may also offer competitive rates, but credit unions are generally known for offering the highest rates.

____ Typically Pay the Highest Rates of Interest on Savings