Types of savings accounts

We are all familiar with the concept of Savings accounts but do you know how many types are there? Let us explore 7 of the most popular ones!

How to make easy money with money you already have 💰 📢 Use a High Yield Savings Account (HYSA) A HYSA has a higher Annual Percentage Yield (APY, or interest rate) than traditional savings accounts offered by most major banks. Think 0.01% versus 4.0%+ (HUGE difference! 😱) Before choosing a new savings accounts, do your research to see if any minimum deposits or minimum balances are required or if there are any account or maintenance fees. *This is not intended to be taken as financial…

To effectively manage and grow your finances, it's essential to have specific accounts. With the right tools, personal finance can be a breeze. Understanding how each account works can make all the difference. Let's explore these must-have accounts and how they can aid you in your financial journey.

The 4 Types Of Savings Accounts You Should Have #varo #varomoney #switchyourbank #ad

Your investment account cheatsheet! Take a look at the blog for a breakdown of each investment account type.

Finesse Finance Inc. on Instagram: “Financial journey~ but what accounts can help you along the way?? ⁣ ⁣ It’s so confusing with types of accounts and what they are best for ⁣…”

So exactly how many savings accounts should one have? At a minimum, you should have an account for each of your savings goals. Here's what I mean...