5 Benefits of Having a Savings Account
When people talk about investing, they're often referring to stocks, bonds, real estate, precious metals or foreign currency. Those investment vehicles can offer a nice long-term return on your money, but they come with disadvantages – risk, high minimum amounts and lack of easy access to your money.On the other side of the spectrum is the humble savings account. It's not glamorous. In fact, it's pretty boring — so boring that many people don't even qualify it as an investment, though like any other investment, it's a method of putting aside money for the future in order to create or preserve wealth. And it is an investment option that takes care of virtually every problem mentioned above.Many people overlook savings accounts because of the low returns that you can expect compared with th...