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Which deposit account generally does NOT earn any interest?

easy Q2 of 15
Banking Awareness - Basics Of Banking & Banking Terminology
Which deposit account generally does NOT earn any interest?
ASavings Deposit
BCurrent Deposit
CFixed Deposit
DRecurring Deposit
Step-by-Step Solution

  1. Step 1: Compare interest feature

    The question asks for an account with no interest.

  2. Step 2: Recall deposit characteristics

    Current deposits are mainly for business transactions and usually earn no interest.

  3. Final Answer:

    Current Deposit → Option B

  4. Quick Check:

    Business accounts focus on transactions, not interest ✅
Quick Trick: No interest + business use = Current account.
Common Mistakes:
  • Assuming all deposits earn interest.
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