Where to Save Your Money While Planning
In This Chapter
- Keeping your investment or emergency fund safe while you build your account
- The risks and protections of various accounts
- Which savings accounts earn more
- What you trade off with various savings accounts
When interest rates are low, people hate to save money they could be investing—their money isn’t increasing in value. But one thing their money isn’t doing in a simple savings account is good: it isn’t decreasing in value, which is easy to do with a bad investment.
Keeping some money in cash—meaning in a checking account, savings account, or money market account—allows you to ...