There’s lots of options when it comes to saving money. Below we outline savings accounts, money market accounts, and cash management accounts.
Opening your first bank account used to be a rite of passage. It normally involved going to the local neighborhood branch to sign up for a standard checking account and, in most cases, an accompanying savings account. From there, you were on the path to financial independence as a young adult.
Saving money, in some capacity, is important for a number of reasons. The average American, however, is saving just 7.9% of their disposable income, according to Statistica. It’s now being recommended by financial experts to save at least 15% of your earnings, whether it’s going towards an emergency savings account or a retirement fund.
Want a savings account? Then we’ve got some info for you to consider. After you finish this article, you’ll know if it’s the right time for you to get matched with a savings account that will help you work towards your financial future.