In the Context of Savings, Identify a True Statement

Multiple Choice

In the context of savings, identify a true statement.

A) Interest rates on savings accounts have typically been uniform across banks.
B) Online savings banks have often provided higher interest rates than traditional banks in recent years.
C) The Federal Deposit Insurance Corporation is not eligible to insure deposits made in online savings banks.
D) The Federal Deposit Insurance Corporation (FDIC) insures individual deposits up to $550,000 per account in FDIC-insured banks.