Question

One advantage of having a bank savings account is that it

O is a reliable way to earn interest while establishing a personal financial history.
guarantees depositors interest-free loans.
eliminates having to pay bank charges or late fees on other accounts at the bank.
offers depositors a higher interest rate on United States government savings bonds.

Answer 1

Answer: is a reliable way to earn interest while establishing a personal financial history.

Step-by-step explanation:

A savings account refers to an interest-bearing deposit account which is held at a bank. The reliability and safety of the savings account makes it a great option when one needs cash to meet the short-term needs.

An advantage of having a bank savings account is that it is a reliable way to earn interest while establishing a personal financial history.

It enables one to establish a personal financial history as it shows ones financial records such as the bank statements, receipts, loans, mortgages etc.

Therefore, the correct option is A.