What is one TRUE statement about savings accounts? A. Banks cannot legally require you to keep a minimum balance in a savings account. B. Savings accounts always offer the exact same interest rates. C. They will sometimes offer compounding interest rates, which help you make more money. D. Savings accounts can lose up to 10 percent in value every year, making them quite risky.

Saving banks account will sometimes offer compounding interest rates, which help you make more money. Therefore, option C is the correct option

What is a savings account?

A savings bank account is opened in a bank or any other financial institution to deposit the savings of the depositor and also to get some interest upon the savings. The interest rate that the depositor gets after depositing the money is minimal and often less than the other financial schemes going on the market. However, the money of the depositor is much safer in the savings account.

The saving bank account provides not only safety to the money but also provides the depositor with the option of easy withdrawal in the time of need. Though the amount one can withdraw is limited, still it offers flexibility and therefore the saving account makes the ideal account for short-term goals.

Thus, Saving banks' accounts will sometimes offer to compound interest rates, which help you make more money. Therefore, option C is the correct option.

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