The correct option is D. savings account.
What is a bank account savings account?
A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
What are the 3 types of savings?
The 3 common savings account types are regular deposit, money market, and CDs. Each one works a little differently regarding accessibility and amount of interest. Besides these accounts, there are other savings options too.
Who can open a savings account?
This account can be opened by any individual above 18 years old, who do not have Officially Valid KYC documents. There are many restrictions on the operation of the account due to the relaxed KYC. The account can be converted to Regular Savings Account upon submission of KYC documents.
Learn more about a savings account at https://brainly.com/question/6594263
#SPJ2
