Savings Accounts

After checking accounts, the next biggest thing most people think about when they think about banking is savings accounts. Having a savings account somewhere to store extra cash that you can access easily in an emergency, but not so easily (as in your checking account) that you’ll spend the money on things you didn’t intend to – is a key component of any good personal financial plan. While a checking account helps safeguard your money and facilitate bill paying and an investment account helps you achieve your mid-term and long-term goals, a simple savings account helps you set aside money for near-term goals like going on a vacation or establishing an emergency fund. In this section, we’ll discuss the different types of savings accounts offered by banks and the pros and cons of each.

  1. Daniel Ojwang Reply

    Savings accounts vary from one bank to another. The benefit is subject to or limited to the terms and conditions.An investment account is a good idea anyway for aspiring investors.Media publicity,awareness,you is my concern.The problem is that you don’t advertise this accounts

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