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6 types of savings accounts that can help grow your money

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Here's what you should know about earning interest and being able to access your savings.
The article from Fortune discusses various types of savings accounts and their benefits, aimed at helping individuals choose the best option for their financial goals. It covers traditional savings accounts, which are easily accessible and offer liquidity; high-yield savings accounts, which provide higher interest rates but may have certain restrictions; money market accounts, which combine the features of savings and checking accounts with potentially higher interest rates; and certificates of deposit (CDs), which offer fixed interest rates for a set term but penalize early withdrawals. The article emphasizes the importance of understanding the differences in interest rates, accessibility, and terms to effectively manage personal savings and achieve financial stability.

Read the Full Fortune Article at:
[ https://fortune.com/article/types-of-savings/ ]