The 2020s has been a turbulent and volatile decade for all of us, despite being us only surviving for three out of the ten years. In 2020, A global pandemic caused a massive crash in the stock market, creating an atmosphere of uncertainty. In 2021, many high-risk, high-return investment assets such as tech stocks and crypto went up to their all-time highs before crashing badly in 2022.
With many people fearing the potential risk of losing money in traditional, and especially risky, investments, and with inflation rates increasing more and more due to supply-side issues from a major war and the pandemic, one might wonder how they can find a way not to lose their savings in the long run?
This is where savings accounts come into play; savings accounts allow people to earn a small amount of interest from the bank whenever they deposit and store their money in the...