Once you’ve started to manage your spending and avoid financial pitfalls, you’ll probably begin to actually develop some savings. Then, you’ll want to start putting your money to work by investing. How you decide to do that can make all the difference in terms of how much money you end up having in the future. Click the links below to read more about each of the topics:
You may also want to check out the various Bank of America Resources to help you take control of your finances.
Money Market Account
Money market accounts are similar to basic savings
accounts, but with a money market account, you’ll receive a
higher interest rate, which will usually increase as your
balance increases. However, you’ll also probably have to
keep a higher minimum balance. You will still have easy
access to the funds in your account, including the ability
to write checks, but you may be limited to the number of
withdrawals you can make and the number of checks you can
write.






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