Gone are the days where people saved money by storing it in envelopes tucked underneath their mattresses. Now you can keep your money safe by putting it in a checking or savings account at a bank or credit union. The good news: FDIC and NCUA insures accounts up to $250,000 per depositor, per bank or credit union respectively.
Checking accounts are useful for everyday spending, while savings accounts offer higher interest rates on people's savings. Both of these accounts can be instrumental in helping you reach your financial goals, whether it’s building up your emergency fund or paying off your credit card bills.
