
A Case for Saving Accounts
We have all heard of financial gurus chanting about how putting your money into a savings account is bad and probably no different from putting them into a biscuit tin under your bed. That is true to some extent. If you follow any financial advice, they will encourage you to put your money into index funds, bonds or any high yield financial products. However, you cannot just put all your money into investments. You will still need to have a savings account to keep some petty cash and emergency funds. A traditional savings account provides little to no interest and your money will slowly erode with inflation over many years. Therefore it is important to find the best savings account, that brings you the most benefits. Here are some examples.…