Where's the best place to hold short term savings?

[Nightmare]

You must be wondering where you can possibly hold or save your sho term savings before usage or time of use.
Though, there are many places you can possibly hold your money at but just that they might not be best and advisable than that of online saving account.
Yeah, acquiring an online saving account can enable you store your funds for a short term.
You might be wondering why it's recommended and advisable to save your short term funds in an online saving ?
Well, workers are advised to save their short term saving in online saving account because an online saving account Has a lot of features and usefulness whivh could be easily be beneficial in terms of Short saving .. Though there are many features about it, but they are not considered and what actually made it to become the recommended place to store short term funds.
Yeah, you might be wondering what's so special about it? Which made it the top most recommended short term saving place.
Simply it's because it's has a feature of setting up a particular day in which you want your money or funds to be released or free to you.. Only online saving account possess this feature and actually made it the best for Short term saving.

 

[Mika]

Saving accounts in banks are the best place to save for the short term. You will get interested in your savings. Saving accounts do not have account maintenance fees, however, if you are using additional services such as mobile banking, text alerts, online banking, etc. you might have to pay additional fees. However, saving accounts are only for short-term savings. Once yield saving e your funds accumulates, you need to move your funds to high yield saving accounts such as fixed deposit accounts. Generally speaking, fixed deposit accounts can give you a 2 x interest rate. Fixed deposits are normally long-term savings.

 

[Learners Quest]

I believe the best place to store funds for a short-term time frame , is in an FDIC-insured checking or savings account . This will ensure that your money remains insured and accessible in cash .

3rd party banks such as Charles Schwab, Fidelity , and Alliant Credit Union offer these accounts at competitive rates and with some of the highest yields available from traditional bank alternatives . These are some good options for those who want to avoid the hassles of maintaining a minimum balance or keeping track of daily balance requirements like with credit unions or online banking platforms.