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How to choose a savings account when you want to save money in cash

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  • The right savings account is one that helps your money grow, and has the features you want, whether that's the highest interest rate or a good mobile app. 
  • You'll also want to read the fine print to make sure there aren't any fees for regular activity that you don't want to pay. 
  • But, remember that there isn't too much pressure here: A savings account isn't invested, so you can get your money any time without long-term commitment. 
  • See Business Insider's picks for the best high-yield savings accounts »

Most everyone can use a savings account. While your checking account should be a pit stop for your money on the way to the next place, a savings account is a holding cell for your cash until you're ready to spend it on your goals. It's liquid, accessible, and a safe place to keep the money you might need in the next few years.

That said, there are a lot of options for savings accounts. They're offered by a variety of institutions, from traditional brick-and-mortar banks to online-only banking service — and they're all a little different. 

See the rest of the story at Business Insider

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