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Can a saving account lose your money

User Sig
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2 Answers

2 votes

Answer:

Unfortunately, keeping your money in a savings account can indeed result in lost money, if the interest rate does not even keep up with inflation. Still, overall, if you want to earn the most interest possible on your deposits, you should go with a money market or high-yield account over a traditional one.

User AZhao
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4 votes
it’s safe and non safe at the same time
User Jglstewart
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