Yes and no: Generally, you won’t in the short term, but over longer-term periods, it’s possible to lose money due to taxes and inflation. For example: If inflation grows at 4%, but your money only earns 2% interest, you won’t be coming out ahead in the end in terms of buying power. Similarly, if you earn over $10 in interest on your savings account, you’ll be taxed on these monies and the government will take a portion of your earnings. Note: You’ll also want to be sure to carefully check the terms of a savings account before opening one, so as not to be surprised later by high minimum deposits or hidden fees.