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Tag: banking

How do savings accounts work?

Posted on May 4, 2020 | by Juliana A | Leave a Comment on How do savings accounts work?

In simple terms, a savings account is a bank account that allows you to deposit your money and earn interest on that money. The main reason why the banks can offer you interest is because the banks are able to use your money to loan money to lenders and charge them a much higher interest. […]

Posted in Tips | Tagged banking, savings account

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