A higher level of interest income can be received if a savings account offers a promotional rate. True False

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asked Mar 10, 2016 52.1k views

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Miloslav Raus · Answer 1 · 2016-03-16T22:30:05+0000

True. One would get the regular stated interest rate plus the additional promotional rate. Thus one would recieve a higher income via the savings rate.

A higher level of interest income can be received if a savings account offers a promotional rate. True False

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