When it comes to managing your money, having a savings account is one of the best things you can do for yourself. Whether you're saving for a short-term goal, like a vacation or a down payment on a car, or a long-term goal, like retirement, a savings account can help you reach your financial goals faster and with less stress.
The benefits of having a savings account
There are many benefits to having a savings account, including:
Emergency fund: A savings account can provide a cushion in case of an unexpected expense or emergency. It's recommended to have three to six months' worth of expenses saved in case of a job loss or other financial crisis.
No risk: Unlike investing, savings accounts come with no risk, so you can rest easy knowing your money is safe.
Higher interest rates: While interest rates on savings accounts may not be as high as they used to be, they are still higher than what you'd get from keeping your money in a checking account.
Easier budgeting: Having a separate savings account can help you keep track of your progress toward your savings goals and avoid the temptation to spend money that's earmarked for a specific purpose.
The benefits of Easy Savings
Bunq's Easy Savings account offers all the benefits of a traditional savings account, plus some added perks:
High interest rates: With Easy Savings, you can earn higher interest rates than you would with a traditional savings account. This means your money will grow faster without you having to take on any additional risk.
Zero fees: Unlike many traditional savings accounts, Easy Savings doesn't charge any fees, so you can keep more of your hard-earned money.
Quick and easy: You can open an Easy Savings account in just five minutes using the bunq app, and you can access your money whenever you need it with two free withdrawals per month.
Whether you're saving for a short-term or long-term goal, a savings account is a great way to reach your financial goals faster and with less stress. With bunq's Easy Savings account, you can enjoy all the benefits of a traditional savings account, plus some added perks, all without having to worry about high fees or taking on additional risk. So why wait? Sign up for an Easy Savings account today and start growing your money with ease!
Open an Easy Savings account today. In true bunq style, it only takes 5 minutes to get up and running.
If you’d like to learn more about our newest addition, you can check out this page.