How does the amount of money in your savings account grow over time?(1 point) Responses Banks who are insured through FDIC add money to your savings account each month. Banks who are insured through FDIC add money to your savings account each month. Money from your checking account is automatically moved into your savings account every month. Money from your checking account is automatically moved into your savings account every month. Money in your savings account earns a certain amount of principal each year. Money in your savings account earns a certain amount of principal each year. You can earn interest on the money you keep in your savings
account, which will cause the amount of money in your account to grow over time. The interest rate is typically a percentage of the total amount of money you have in your savings account, and this interest is added to your account on a regular basis, such as monthly or annually. The more money you have in your savings account, the more interest you will earn, allowing your savings to grow over time. Additionally, you can also make regular deposits into your savings account to further increase the amount of money in your account.
