Why is it good to have a savings account

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02-02-2021
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Why is it good to have a savings account

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Smriti098 Smriti098 · Answer 1 · 2021-02-02T00:42:53-05:00

Smriti098 Smriti098

02-02-2021

Answer:

A savings account is a suitable place for your emergency fund. This money serves as a backup if you need cash for a large or unexpected expense, such as a car repair or insurance deductible. You want your emergency fund in an account with immediate access and no penalties so you can get the money when you need it.

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