Question

An online savings account A) offers lower interest rates because it costs more money to maintain the online site B) offers higher interest rates because they don’t have the overhead that standard banks have C) works nothing like a basic bank savings account D) has more restrictions on how often withdrawals can be made and typically require a minimum balance

Answer 1

an online savings account,

A) offers lower interest rates because it costs more money to maintain the online site.

The site will not be able to pay higher interest rates as banks does