what is a good reason to open and make deposits to a savings account?\nto consolidate debt.\nto earn…

what is a good reason to open and make deposits to a savings account?\nto consolidate debt.\nto earn interest compounded over time.\nto increase liabilities.\nto decrease the need for insurance.

what is a good reason to open and make deposits to a savings account?\nto consolidate debt.\nto earn interest compounded over time.\nto increase liabilities.\nto decrease the need for insurance.

Answer

Brief Explanations:

A savings account allows money to grow over time through compound - interest. Consolidating debt is usually done through loans or credit management, increasing liabilities is not a goal of savings, and savings accounts do not decrease the need for insurance.

Answer:

To earn interest compounded over time.