Traditional Savings Accounts

Everyone needs a place to put away a few dollars. A regular savings account is a great place to start your emergency fund or your vacation funds, or whatever you need fund. Saving up for a major purchase instead of charging it keeps more of your hard-earned money in your wallet. When you save first and buy later, your money grows while you save — but when you buy first and pay later, more and more of your money trickles away every time you make another payment with interest.