Savings Accounts

Bill and Anastasia discuss the basics of owning a savings account--the first step to building wealth. What is the difference between a savings account, a checking account, and an investment account and what should you use them for? What does it mean if your account is FDIC insured? What do you need to know about the different savings accounts you can own (e.g.- a money market fund) and what do they mean? Why do some banks offer better interest rates? For questions and comments, you can email us at [email protected].