Savings Account
- A savings account is a bank account where you store money and earn interest on the money you deposit.
- The financial institution pays interest on the funds and uses the money to lend loans to other people.
- Savings accounts vary in the interest rates offered.it’s important to do your research and figure out the best one to use according to your savings goals
- Savings accounts ensure your money is safe and easily accessible, without penalty or exorbitant fees for access.