7 Types of Savings Accounts You Need to Know About

Imagine having a safe place to store your money while also earning interest on it. How good does that sound? This is the concept behind savings accounts.

Every bank in the country offers savings accounts with varying features but did you know that there are different types of savings accounts as well?

7 types of savings accounts

Savings accounts are the backbone of most banks and a facility that most of you would have made use of. There are many different types of savings accounts as mentioned above with varying benefits and features. All you have to do is checkout the terms and conditions of each type of account and choose one that works best for you.

Which type of savings account do you have? Let us know in the comments below.