Savings accounts are a great option for keeping some cash on hand for easy access, but many people treat their savings too much like an investment or a checking account. Here are the important things to know about savings accounts, how to use them, and how to not use them.
Here are some reasons and tips to help you consolidate your accounts down to only the ones you actually need and use.
I know I just told you why it is such a good idea to keep every account at one bank. It is convenient and can save you money. However, it might not really be that great of an idea.
I have tried many different combinations of accounts in my life. At one point, my credit card, brokerage, checking, and savings were all at different places. At one point, everything was in one place. I found some big benefits to keeping everything in one place.