Ena learns that her parents have been contributing to a college savings account since she was a baby.What is one advantage of keeping money in the college account instead of in a regular savings account?
Answer
A
Her parents do not have to pay taxes on deposits to the college savings account.
B
Interest rates are usually lower for college savings accounts.
C
The money will not be as well protected in a regular savings account.
D
The money in the college savings account can be used for any expenses.