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Questions and Answers
Which aspect distinguishes some savings accounts from others?
Which aspect distinguishes some savings accounts from others?
- The accessibility of funds (correct)
- Their protection under the Financial Services Compensation Scheme
- The variety of savers they cater to
- The ability to invest in the stock market
What is Kent Reliance's role in protecting deposits?
What is Kent Reliance's role in protecting deposits?
- Offering loans to savers
- Providing investment advice
- Protecting deposits up to £100,000
- Ensuring deposits are protected up to £85,000 (correct)
What is the main purpose of savings accounts?
What is the main purpose of savings accounts?
- To grow money at a particular rate of interest (correct)
- To spend money freely
- To use as a checking account
- To invest in the stock market
What sets regular saver accounts apart from notice accounts?
What sets regular saver accounts apart from notice accounts?
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Why does Kent Reliance constantly improve its services?
Why does Kent Reliance constantly improve its services?
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What feature do online savings accounts and branch-only accounts have in common?
What feature do online savings accounts and branch-only accounts have in common?
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What is the primary purpose of putting money into a savings account?
What is the primary purpose of putting money into a savings account?
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How does Kent Reliance ensure the protection of eligible deposits?
How does Kent Reliance ensure the protection of eligible deposits?
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What distinguishes notice accounts from regular saver accounts?
What distinguishes notice accounts from regular saver accounts?
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How is Kent Reliance preparing for the future in terms of service improvement?
How is Kent Reliance preparing for the future in terms of service improvement?
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