What is the typical purpose of a savings account?

A savings account is specifically designed to help individuals save money while also earning interest on the deposited funds. The primary purpose is to encourage consumers to save for future needs, goals, or emergencies.

Savings accounts typically offer interest rates that allow your money to grow over time, distinguishing them from checking accounts, which focus on facilitating frequent transactions and providing immediate access to cash. This is why option B is the most appropriate choice; it aligns with the fundamental function of savings accounts, which is to provide a safe place for saving and potentially earning interest.

The other options highlight different financial tools or purposes that are not aligned with the primary function of a savings account. Daily transactions are better suited for checking accounts, tracking investments typically involves investment accounts or brokerages, and a credit line pertains to credit products rather than savings accounts.