When opening a savings account it is important to consider:
A) APY
B) Minimum balance
C) Fees
D) All of these

Question

Quizplus · Accepted Answer

When opening a savings account it is important to consider all of these factors including the APY (Annual Percentage Yield) which determines the interest rate that you will earn on your savings, the minimum balance required to avoid fees or earn higher interest rates, and any fees associated with the account such as monthly maintenance fees or transaction fees. Therefore, it is best to consider all these factors before choosing a savings account.

When Opening a Savings Account It Is Important to Consider