What Is a Savings Account? - The Balance
https://www.thebalancemoney.com/savings-accounts-4073268
WebJun 14, 2022 · A savings account is a bank-offered service that allows you to store your money while earning interest on your deposits. You earn interest because you're lending money to the bank, which lends it to other people and businesses. You'll often need to move funds out of a savings account to use your saved money.
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