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Savings Accounts Variety Quiz

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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?

Regular saver accounts Signup and view all the answers

What is the primary function of a savings account?

To hold money and earn interest Signup and view all the answers

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

Long-term savings accounts Signup and view all the answers

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

Demelza Children's Account Signup and view all the answers

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

Up to £85,000 Signup and view all the answers

Savings Accounts Variety Quiz

Choose a study mode

Podcast

Questions and Answers

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

What is the main purpose of savings accounts?

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

Which type of savings account allows easy access to funds?

What is the primary function of a savings account?

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

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

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

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