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Topic	What's the point of a savings account in a bank?
Questionmarktarius 02/16/21 10:30:14 AM #23:	Coloradough posted... But an index fund makes you 5% a year and a savings account makes you 0.01% so surely there is another benefit? A FDIC-insured savings account is about the "safest" place for money, but that's about it. If you think you can do better investing in stocks, go right ahead. Just don't invest any more than you're willing to lose. <cite>Questionmarktarius posted [p:950695820] in What's the... [t:79298168]...</cite> <quote>Coloradough posted... </cite> <quote>But an index fund makes you 5% a year and a savings account makes you 0.01% so surely there is another benefit?</quote>A FDIC-insured savings account is about the "safest" place for money, but that's about it. If you think you can do better investing in stocks, go right ahead. Just don't invest any more than you're willing to lose. </quote> ... Copied to Clipboard!
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