Savings Account: Secure and Earn Interest
A savings account is a type of bank account designed to help individuals save money while earning interest. Benefits 1. Earn interest: Grow savings over time. 2. Security: insured and protected. 3. Liquidity: Easy access to funds. 4. Low risk: stable investment. 5. Encourages savings: Separate from spending money. Types 1. Traditional savings account: Basic…