Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

10 Questions

0 Views

Savings Accounts Overview

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

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?

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?

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?

The need to provide notice before withdrawing funds Signup and view all the answers

Why does Kent Reliance constantly improve its services?

To make sure they are fit for the future Signup and view all the answers

What feature do online savings accounts and branch-only accounts have in common?

Both types offer a variety of saving options Signup and view all the answers

What is the primary purpose of putting money into a savings account?

To allow it to grow at a specified interest rate Signup and view all the answers

How does Kent Reliance ensure the protection of eligible deposits?

By being part of the Financial Services Compensation Scheme Signup and view all the answers

What distinguishes notice accounts from regular saver accounts?

Notice accounts provide easy access to funds Signup and view all the answers

How is Kent Reliance preparing for the future in terms of service improvement?

By carrying out regular tests on their services Signup and view all the answers