Savings Accounts: Safe but Not Always Wealth-Building

Discover the hidden costs of keeping your money in a regular savings account. Inflation can erode your buying power, and dormant accounts may face fees or even escheatment. Explore alternatives like high-yield savings accounts, CDs, or investing in the stock market for better returns and long-term wealth growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.