What is a Savings Account?

A savings account is a type of bank account that you use to store money that you don’t need on a daily basis.

Things You Should Know About Savings Accounts:

  1. You can earn interest on the money in your account.
  2. There is usually a limit to how often you can take money out without a fee.
  3. A savings account can help you keep money in a safe place for emergencies, larger purchases, and other non-monthly expenses.

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What is a Savings Account?

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