Savings Accounts!

How will you save your money??

What is a savings account?

A savings account can be connected to your checking account, but it is a place where you can store money for extra cash. It is a easy way to access money in case of an emergency. But it is not easily accessible that you'll spend money on things you did not intend to buy.
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Advantages of a savings account

1) One advantage of having a savings account is that it has an easy setup and easy to maintain.

2) Another advantage of having a savings account is that it can link directly to your checking account.

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Disadvantages of a savings account

1) One disadvantage of having a savings account is that it can have very low interest rate such as 0.1%.

2) Another disadvantage of having a savings account is that you may want to minimize the amount of money you have in your regular savings account.

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