Savings account types

Savings accounts come in various types designed to meet different needs. **Regular Savings Accounts** offer easy access to funds with modest interest rates. **High-Yield Savings Accounts** provide higher interest but may require online access or minimum balances. **Money Market Accounts** often include check-writing privileges and higher minimum deposits. **Online Savings Accounts** usually offer better rates due to lower overhead costs. **Specialty savings accounts** might be tailored for specific goals, like education or travel, offering features or restrictions to encourage saving toward those objectives. Each type balances accessibility, interest earned, and withdrawal limits.