Which statement describes a feature of online savings accounts?

Which statement describes a feature of online savings accounts?

• A. It offers 24/7 online access
• B. It is paid by the saver
• C. It pays a fixed fee
• D. It guarantees returns above inflation

Answer: (A)

Online savings accounts are designed for convenient, round-the-clock access via the internet, letting you view balances, transfer funds, and manage the account anytime. That 24/7 online access is the defining feature because it highlights the core advantage of online banking: constant accessibility. The other statements don’t fit because savers aren’t typically charged a fixed fee just for keeping money in the account, these accounts earn interest (not a fixed fee), and there’s no guarantee the returns will beat inflation—the rate can change and may not outpace rising prices.

Online savings accounts are designed for convenient, round-the-clock access via the internet, letting you view balances, transfer funds, and manage the account anytime. That 24/7 online access is the defining feature because it highlights the core advantage of online banking: constant accessibility. The other statements don’t fit because savers aren’t typically charged a fixed fee just for keeping money in the account, these accounts earn interest (not a fixed fee), and there’s no guarantee the returns will beat inflation—the rate can change and may not outpace rising prices.