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Savings Account
A savings account is a bank account where you can store money securely while earning interest on your balance.
EAR
Effective Annual Rate (EAR) is a measure of interest that takes into account the effects of compounding over a given period.
Compounded Monthly
Interest calculated on an investment or loan each month based on both the initial principal and the accumulated interest from previous months.
EAR
Effective Annual Rate, a measure of interest that takes into account the effect of compounding over a year.
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