When it comes to short term, safe and reliable ways to store your money, a high interest savings account is a good way to go. They provide easy access, and best of all, no volatility! But don’t be fooled by what some banks refer to as ‘high interest’. And don't underestimate the difference between 0.5% and 2% when it comes to you savings interest rate and how it will grow your money. What is a high interest savings account? A high interest savings account it pretty much exactly what the name describes. It is typically a savings account that provides someone with a fixed yearly interest that's …
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