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The right savings account is one that helps your money grow, and has the features you want, whether that’s the highest interest rate or a good mobile app.
You’ll also want to read the fine print to make sure there aren’t any fees for regular activity that you don’t want to pay.
But, remember that there isn’t too much pressure here: A savings account isn’t invested, so can get your money any time without long-term commitment.
See Business Insider’s picks for the best high-yield savings accounts »
Most everyone can use a savings account. While your checking account should be a pit stop for your money on the way to the next place, a savings account is a holding cell for your cash until you’re ready to spend it on your goals. It’s liquid, accessible, and a safe place to keep the money you might need in the next few years.
That said, there are a lot of options for savings accounts. They’re offered by a variety of institutions, from traditional brick-and-mortar banks to online-only banking service — and they’re all a little different. See the rest of the story at Business Insider
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