Types of bank account, - SS2 Commerce Past Questions and Answers - page 1

Which type of bank account is suitable for individuals who want to earn interest on their savings?

What is the primary purpose of a current account?

Which type of bank account offers higher interest rates than a regular saving account?

Which feature is common to both saving accounts and fixed deposit accounts?

What is the primary difference between a saving account and a fixed deposit account?

State one key feature of saving accounts.

What happens to the deposited amount at the end of the fixed term in a fixed deposit account?