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- Thu Apr 17, 2025 9:38 pm
- Forum: Budgeting and Saving
- Topic: What Is a Savings Account? How to Grow Your Money Safely (2025 Guide)
- Replies: 1
- Views: 20
Re: What Is a Savings Account? How to Grow Your Money Safely (2025 Guide)
Savings account is good because one can keep money for future use. However, it is not a good investment vehicle if the interest rate is lower than inflation rate. It is advisable to compare the interest rate with inflation rate in order to choose the best savings product.