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If Dan puts $11 into his savings account each week, after 5 weeks he will have saved a total of $11 multiplied by 5. This equals $55. Therefore, after 5 weeks, Dan will have $55 in his savings account.

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1w ago

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Is it true or false that if you open a savings account you can increase your money?

True - If you keep depositing your monthly savings regularly into your savings account. False - If you don't deposit any money into your account. Money in your savings account does not increase automatically. Banks will credit a small interest amount every quarter/year into your account but that wouldn't increase your balance significantly unless you deposit funds into your account.


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A money market savings account is a special kind of savings account. Money market account holders receive more money on their return. Money markets are secure.


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No, you cannot borrow money from your health savings account.


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What are the benefits of getting a savings account?

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Does every bank offer money market savings accounts to its customers?

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