A savings account might be the opposite of a get-rich-quick scheme, but it doesn’t have to be the equivalent of keeping cash under your mattress. Over time, the main goals of a savings account have remained largely unchanged. Easily liquidated and return generating, these federally insured accounts offer a safe place to put money that ensures both accessibility and appreciation over time. The latter has become harder to achieve, however, with lower annual percentage yields in a post-recession world.

Source: Wall Street Journal February 10, 2019 18:56 UTC