Banks give more interest on Fixed Deposit than Savings Account.

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
True

Banks give more interest on Fixed Deposit and Recurring Deposit.

Interest rates given on Savings Account is relatively lower.

Suggest Corrections

Similar questions

Banks give more interest on Savings Account than Fixed Deposit Account.

Fixed deposit account provides more interest than savings bank account.

Banks give no interest on the money deposited in Savings Account.

Current account gives more interest than Savings account.

Join BYJU'S Learning Program