Advantages to opening multiple savings accountsOne benefit of opening multiple savings accounts is that you can save money for specific goals.
Traditional savings accounts at a brick-and-mortar bank typically offer lower savings account interest rates than high-yield savings accounts at online banks.
Disadvantages to opening multiple savings accountsOpening up multiple savings accounts also comes with several potential disadvantages.
Tips for managing multiple savings accountsIf you decide to open multiple savings accounts, here are some tips for managing them:Keep track of your accounts.
Multiple savings accounts: FAQsIs it OK to have multiple savings accounts?
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