Banks pay interest to customers through?

 

Question:

Banks pay interest to customers through?

Options:

A. Saving account
B. Credit card
C. Mortgage account
D. 401k Account

Answer:

The answer here is (A) savings account

What is a Savings Account?

A savings account is a type of bank account where you can deposit and save money while earning interest on the deposited amount. It provides a safe place to store funds and offers modest interest rates compared to other types of accounts.