Which statement about savings accounts is true?

• A. They earn high interest
• B. They earn minimum interest and may require a minimum balance
• C. They cannot be withdrawn from
• D. They are not easy to maintain

Answer: (B)

Savings accounts are designed to store money while earning some interest, but the interest rate is usually modest. Banks often require maintaining a minimum balance to earn interest or to avoid monthly fees. This combination—low, steady interest and possible minimum balance requirements—is why the statement about savings accounts earning minimum interest and potentially needing a minimum balance is the true description. High interest is not typical for standard savings; you can withdraw money (usually with some limits), and they’re generally easy to maintain as long as you stay above any required minimums to avoid fees.