Question

sunshine regional bank
monthly maintenance fee: $10, waived with a minimum daily balance
of $1,000
atm fee: $2 for out - of - network atms; no fee for in - network atms
overdraft fee: $30 per occurrence
minimum balance fee: $0
wire transfer fee: $20 for domestic, $30 for international
savings account interest rate: 0.5% annual percentage yield (apy)
special feature: offers a free safe deposit box for accounts with
balances over $2,000
pioneer digital bank
monthly maintenance fee: $0
atm fee: $0 for in - network atms; $1 for out - of - network atms
overdraft fee: $20 per occurrence, with optional overdraft protection
minimum balance fee: $0
wire transfer fee: $10 for domestic, $20 for international
community trust bank
global exchange bank
pioneer digital bank
which bank is most likely the best option for a person who wants to
maximize their earnings on money kept in a savings account?

Explanation:

Step1: Analyze the key factor

The goal is to maximize earnings on money kept in a savings account. The key factor is the savings account interest rate (APY).

Step2: Compare the interest rates

Looking at the information provided:

• Pioneer Digital Bank: Savings account interest rate (APY) is \(1.9\%\) annual percentage yield (APY).
• Sunshine Regional Bank: No information about its savings account interest rate (APY) is relevant for maximizing earnings as the other banks' rates are not as high as Pioneer Digital Bank's in terms of the key factor (assuming the other banks' rates are lower based on the problem context of choosing the best for maximizing earnings).
• Community Trust Bank: No relevant interest - rate information for this comparison.
• Global Exchange Bank: Savings account interest rate (APY) is \(0.5\%\) annual percentage yield (APY).

Since Pioneer Digital Bank has the highest interest rate among the banks with relevant interest - rate information for maximizing savings account earnings.

Answer:

Pioneer Digital Bank