10 Questions
Which type of account is typically used for day-to-day spending and paying bills?
Checking account
What type of account is meant to help you grow your money or set aside funds for a specific goal?
Savings account
Which type of account offers the debit card and check-writing features of a checking account with the interest-bearing nature of a savings account?
Money market account
Which type of account offers a higher interest rate than a traditional savings account, but requires you to leave your money untouched for an agreed upon time?
Certificate of deposit account
What happens if you withdraw your funds before the term is done in a certificate of deposit (CD) account?
You need to pay an early withdrawal fee
Which type of account allows you to easily access your money with a debit card, ATM, or check?
Checking account
Which type of account offers higher interest rates than a traditional savings account?
Certificate of deposit account
Which type of account is a cross between a checking and a savings account?
Money market account
Which type of account is meant to help you grow your money or set aside funds for a specific goal?
Savings account
Which type of account requires you to leave your money untouched for an agreed upon time?
Certificate of deposit account
Test your knowledge about checking accounts and discover the benefits of opening an online checking account with U.S. Bank. Learn about day-to-day spending, bill payments, and easy access to your money through debit cards, ATMs, and checks.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free