Savvy Saver 6/19/19: Save More With These Savings Accounts

piggy bank

Good Free Photos/Gabrielle Rose

Budget Tip Of The Week: The Savings Accounts That Will Help Grow Your Money.

Depending on your financial situation, you could earn some serious interest on your money. Switching from a traditional brick and mortar bank to an online bank can be scary at first, but it could literally pay off in the long run. For instance, online banks offer much higher rates — sometimes as much as 40 times the amount of a traditional bank. To help you decide which one you should try, we rounded up some of the best savings accounts for every budget that will help you grow your money. [Swirled]

Definition Of The Week: APY

APY is the Annual Percentage Yield or the amount of money you could earn every year for having your money in a specific account. [Swirled]

Digit Of The Week: $3,000

This is the amount the average American spends annually on vices. On average, Americans spend 22 percent of their monthly budget on drinks, eating out, ordering in and lottery tickets. Before you buy that next latte, take a peek at your bank account. [Swirled]


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