Financial institutes grow across the country, and offer many beneficial options. We can now earn interest on the money that we put away, which only means more money in our pocket, though it is not much, but some!
Banking also provides a safety reason to keep our investment, and with FDIC insured, we know that our account is in good hands. We would not lose that portion of our savings should something happens to the bank.
On top of the reasons above, we have the freedom to find the best or highest savings rates yield to maximize our potential. Many of us save for different reasons, such as college fund for our children, retirement fund, vacation fund, or wedding expenses fund.
Whatever the goal of our savings is, having the highest interest rate is the smartest choice to seek after! Who wouldn't like to earn a bit extra here and there?
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