Savings accounts allow you to set money aside for future or emergency use and earn interest on that money at the same time. There are many different kinds of savings accounts available with their own guidelines as to minimum balances, interest rate changes, fees charged, etc. It is absolutely vital that everyone own at least one savings account from an accredited financial institution. The most important thing to remember is that your savings is insured by the Federal Deposit Insurance Corporation (FDIC) up to $100,000 per account.

Click here for information on Citibank’s product