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How to choose a savings account when you want to save money in cash - Business Insider

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It's hard to really go wrong with a savings account

Traditional savings accounts do earn interest, but generally very little.the average savings account has a .09% interest rate. A high-yield savings account will help your money grow much faster, earning 1.5% to 2% interest per year. This isn't the kind of growth that will earn you a fortune, but consider it compared to the average savings account interest rate — it's up to 20 times more..

There's not too much pressure here, as you'll be able to access or move your money any time, and there's no long-term commitment. Plus, you can open as many savings accounts as you'd like, so you're not tied to just one. There are lots of great options for savings accounts these days. Find one that you know you'll use and love, and that's the best option for you.

 

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Mine must have had a hole though, cause it slowly dripped out everywhere.

or use an investment account like acorns as a high interest savings and deal with waiting 3-5 business days for transfers when you emergency funds

Let go of your insecurities. Let go of your pain. You are limitless. Nothing is holding you back. Smile. Love. Laugh. Don't forget to live.

Cuz everybody is worrying what to do with all of their savings during this recession-depression

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