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The following are some of the accounts available to customers in the Kenyan banking industry: Current account, savings account and Fixed deposit account. Give the account...

      

The following are some of the accounts available to customers in the Kenyan banking industry:
Current account, savings account and Fixed deposit account. Give the account that corresponds to
each of the descriptions given below
(a) Account holders require to deposit a specific initial
amount as well as maintain a minimum balance
(b) Account holder may deposit and withdraw money
whenever they want without maintaining a minimum
balance
(c) Banks pay interest on the deposit at comparatively higher
rates.
(d) Money may be deposited at any time and interest is
earned if a specified balance is maintained

  

Answers


Davis
a) Savings account
b) Current account
c) Fixed deposit account
d) Savings account
Githiari answered the question on September 22, 2017 at 21:37


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