saving money

What Is a Savings Account? How It Works, Benefits, and Rules in the U.S. (2026 Guide)

January 15, 2026 by Team Monvixo

Illustration showing a bank and piggy bank representing savings account safety and stability

Key Takeaways A savings account is designed to store money safely, earn interest, and stay available for future …

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Monvixo is an independent financial education platform helping everyday Americans understand money through simple, unbiased guides on banking, credit, loans, insurance, and personal finance.

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