2020

Five Different Types Of Banking Accounts

Banks are about as old as money itself. Whether it's a hole in the ground that people have put copper coins in or a highly complex, artificially intelligent system that calculates net returns by the second, everyone needs a place to store their hard-earned currency. But not every banking account is the same. In fact, though there are five listed here, there are probably hundreds of different types of places to keep cash, and hundreds of variations of those banking accounts, suited for every different style and purpose.

4 Times When You Should Put Money In Your Savings Account

Setting aside money in your savings account is always a good idea, whether you are well-established financially or if you are still struggling to get your finances in order. After setting up your savings account—preferably with a bank that will pay you a decent amount of interest to help your money grow—you should consider depositing money in that account in these situations and more. 1. Holidays If you are like many people, you might receive cash gifts for your birthday or the holidays.