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Savings Accounts Variety Quiz
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Savings Accounts Variety Quiz

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@EasierLavender5884

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Questions and Answers

What award did Kent Reliance receive at the recent Moneynet Awards?

  • Best Children's Savings Provider award for Demelza Children's Account (correct)
  • Best Overall Savings Provider award
  • Best Long-Term Saver Provider award
  • Best Online Savings Provider award

    • What is the main purpose of savings accounts?

  • To hold money and grow at a particular rate of interest (correct)
  • To spend money easily
  • To donate to charity
  • To invest in stocks and bonds

    • What does the Financial Services Compensation Scheme protect for eligible deposits with Kent Reliance?

  • Up to a total of £85,000 (correct)
  • Up to a total of £100,000
  • Up to an unlimited amount
  • Up to a total of £50,000

    • Which type of savings account allows easy access to funds?

    <p>Regular saver accounts</p> Signup and view all the answers

    What is the primary function of a savings account?

    <p>To hold money and earn interest</p> Signup and view all the answers

    Which type of savings account restricts access to funds for a set period of time?

    <p>Long-term savings accounts</p> Signup and view all the answers

    What type of account did Kent Reliance receive an award for at the recent Moneynet Awards?

    <p>Demelza Children's Account</p> Signup and view all the answers

    How are eligible deposits with Kent Reliance protected by the Financial Services Compensation Scheme?

    <p>Up to £85,000</p> Signup and view all the answers

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