Recommended

#BitcoinOnBTCC ：Celebrate 2024's Crypto Triumphs with Us, Every Day.
Crypto Deposit Make instant crypto transfers to your futures account
USDT-M Perpetual Futures Trade futures contracts settled in USDT
VIP Fee Discounts Enjoy different fee discounts based on your VIP level
Coin-M Perpetual Futures Trade futures contracts settled in cryptocurrency
Fiat Deposit Buy your favourite coins in seconds
Affiliates Invite friends & get rewarded
Convert Covert your crypto instantly
Support Centre Find our FAQs here
Announcements Find all our official announcements
BTCC Academy Learn about blockchain and crypto
News The latest trends in the crypto market

Promotions

Referral
Campaigns
Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register
Report post
banking and savings pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What is a savings account & how does it work?

Savings balances typically earn interest that compounds daily and is deposited into your account monthly. You can find the best savings accounts at online banks, brick-and-mortar institutions and credit unions. They’re often used to hold emergency funds and save for short-term goals like a down payment on a house or an upcoming vacation.

What are the different types of savings accounts?

Traditional savings accounts. These are regular savings accounts available with the majority of banks and credit unions that may or may not earn variable interest. High-yield savings accounts (HYSAs). HYSAs earn interest rates that beat national averages and rates available with most traditional savings accounts. Money market accounts (MMAs).

Are savings accounts interest-bearing or dividend-earning?

Interest. Savings accounts are interest-bearing or dividend-earning accounts. The interest or dividends you can earn depends on your account balance, how long you leave funds untouched and the institution’s interest rate and compounding frequency. Savings accounts carry variable interest rates that are subject to change.

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service
Social Media

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2024 BTCC.com. All rights reserved