Banks and Accounts

What’s inside

• Which account is generally designed for frequent everyday payments and withdrawals?
• What is the main purpose of a savings account?
• What does the annual percentage yield (APY) on a bank account measure?
• Which action most directly helps prevent unauthorized access to an online bank account?
• A bank account that allows deposits, withdrawals, and frequent payments is commonly called a [____] account.
• Money a bank pays you for keeping savings in an account is called [____]; when that money itself starts to earn more,…
• A [____] is a bank-issued card that usually lets customers spend money directly from their deposit account, while a…
• If a bank account balance falls below zero, the account has an [____]; a bank may cover the payment through [____] if…