A savings account is for savings. You're not trying to make money on this money. You're trying to save for specific purposes like emergencies or future expenditures.
Even though savings accounts are paying less right now, they still offer generous interest rates, and you might be surprised by how much you could earn in 2025.
Working up to a six-month emergency fund provides more protection from unplanned expenses or job loss, serving as a financial safety net.
For those nearing retirement, increasing cash in savings accounts diversifies portfolios and creates stable income through interest, important for managing living expenses.
Collection
[
|
...
]