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3.2 Savings Account
Set up a separate savings account. If you mingle your savings with
your regular cheque account, you'll almost certainly dip into your
savings and may never pay them back. Having your savings in a
separate account is a constant reminder that these funds are
earmarked for your future, and watching the balance grow is rewarding
and motivating. Most banks now offer two types of savings accounts;
Everyday Savings usually pay a comparatively basic rate of interest,
but with fees that allow access on an everyday basis. Premium savings
accounts usually pay bonus interest for no withdraws as an incentive
to save. They tend to pay twice the rate of interest of Everyday
Savings accounts.
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Financial Choices
Saving
Financial goals
