If you are keeping your hard earned cash in a regular bank savings account, you are basically getting ripped off. Your bank may even be charging you monthly fees just to hold your hard earned money. Banks pay very little interest and you are probably losing money over time by investing your money in a bank since the value of a dollar goes down with inflation.
Bank accounts are therefore trash! If you want your saving to really grow, then you need to invest it and put it in a stock brokerage account such as moomoo or Robinhood. Even if you don't want to invest in stocks, you can still earn better interest on your money in a moomoo account and get 5.1% and even up to 8.1% interest on your cash! This is way more than what you'll earn in a regular bank account.
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