Question

wt r advantages of bank account opening?​

Answer 1

Answer:

Three advantages of savings accounts are the potential to earn interest, it's easy to open and access, and FDIC insurance and security. Three disadvantages of savings accounts are minimum balance requirements, lower interest rates than other accounts/investments, and federal limits on saving withdrawal

Answer 2

$\large\rm\red{Advantages\:are:}$

• We can keep money in the account, draw and use money when we need.
• Money deposited in an account grows with some interest.
• Money is safer in bank than at home, thieves cannot steal
• We can transfer money if required (like paying fees) to another account holder.
• Signature in the bank account is used as a proof for signature for young persons.