Savings Accounts .
Money stored in a savings accounts can generally be accesses fairly easy.
Most banks offer customers access to their savings through ATM machines. Because of this easy access, savings accounts rates offered by banks are not that high. Savings rates may only be one percentage point higher than checking rates, and they are rarely higher than the inflation rate. Savings accounts are good for storing money on a short-term basis, in preparation for transfering that money to long term holdings or for making a large purchase in the next few months. A good idea is to save money into your savings account over the next few months until you build up enough for the initial investment.