The Benefits Of A Savings Account: A Safe And Reliable Way To Grow Your Money

One of the most useful benefits of a savings account is that your money is out of your checking account, where you may risk spending it on non-essentials, but still easily accessible in case you need it, such as for an emergency. Depending on your type of account and the size of your balance, there may be little to no fees for withdrawals, meaning your cash is there if you need it. Be sure to check the requirements for savings withdrawal fees so you understand the account when you set it up.

Provided by: Bank of America Topic: CXO Date Added: Jan 2010 Format: HTML

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