{"id":39978,"date":"2024-07-12T19:32:24","date_gmt":"2024-07-12T15:32:24","guid":{"rendered":"https:\/\/www.miamiherald.com\/banks\/?p=39978"},"modified":"2024-09-27T18:47:14","modified_gmt":"2024-09-27T14:47:14","slug":"saving-account","status":"publish","type":"post","link":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/","title":{"rendered":"What is a Savings Account? A Complete Guide"},"content":{"rendered":" <p class=\"wp-block-paragraph\">Savings accounts are offered by traditional banks, credit unions and online banks. They serve as a safe haven for your money and pay interest on your deposits. Savings accounts are also an ideal place to build your emergency fund in case you need extra cash on a rainy day. <\/p> <p class=\"wp-block-paragraph\">This comprehensive guide explores the ins and outs of savings accounts. More specifically, it covers how they differ from checking accounts, key features, various types of savings accounts to choose from, benefits, interest rates and fees. You\u2019ll also learn how to compare options and open a savings account with ease. <\/p> <h2 class=\"wp-block-heading\" id=\"h-what-is-a-savings-account-and-how-does-it-work\">What is a Savings Account and How Does It Work?<\/h2> <p class=\"wp-block-paragraph\">A savings account is a type of deposit <a href=\"https:\/\/www.miamiherald.com\/banks\/banking\/how-many-bank-accounts\/\">account<\/a> held at a bank, credit union or other financial institution. It\u2019s typically used to build an emergency cushion or save for a specific future goal, and your money earns interest until you withdraw it.<\/p> <h2 class=\"wp-block-heading\" id=\"h-what-is-the-difference-between-using-a-savings-account-and-a-checking-account\">What is the Difference Between Using a Savings Account and a Checking Account?<\/h2> <p class=\"wp-block-paragraph\">A <a href=\"https:\/\/www.miamiherald.com\/banks\/checking-accounts\/what-is-checking-account\/\">checking account<\/a> is designed for everyday spending, while savings accounts are geared toward saving and growing money. Here\u2019s a closer look at how the two vary: <\/p> <h3 class=\"wp-block-heading\" id=\"h-accessibility\">Accessibility<\/h3> <ul class=\"wp-block-list\"> <li><strong>Savings account: <\/strong>counter cash withdrawals, ATM withdrawals (with ATM card)<\/li> <li><strong>Checking account: <\/strong>counter cash withdrawals, debit card, checks, ATM withdrawals (with debit card)<\/li> <\/ul> <h3 class=\"wp-block-heading\" id=\"h-annual-percentage-yield\">Annual Percentage Yield<\/h3> <ul class=\"wp-block-list\"> <li><strong>Savings account:<\/strong> higher than checking accounts<\/li> <li><strong>Checking account:<\/strong> low or none<\/li> <\/ul> <h3 class=\"wp-block-heading\" id=\"h-transactions\">Transactions<\/h3> <ul class=\"wp-block-list\"> <li><strong>Savings account:<\/strong> limited (often capped at six before fees apply)<\/li> <li><strong>Checking account:<\/strong> frequent <\/li> <\/ul> <h2 class=\"wp-block-heading\" id=\"h-key-features-of-savings-accounts\">Key Features of Savings Accounts<\/h2> <p class=\"wp-block-paragraph\">Below is a closer look at the key components of savings accounts: <\/p> <ul class=\"wp-block-list\"> <li><strong>Interest rates: <\/strong>Savings accounts typically offer a modest <a href=\"https:\/\/www.miamiherald.com\/banks\/banking\/interest-bearing-account\/\">interest rate<\/a>, allowing your money to grow slowly over time. <\/li> <li><strong>Safety:<\/strong> If your savings account is held at an FDIC-insured financial institution, deposits of up to $250,000 are backed. The same applies to funds at credit unions that are NCUA-insured. <\/li> <li><strong>Accessibility: <\/strong>Withdrawal limits typically apply, but you can access your funds as needed. <\/li> <li><strong>Minimum balance requirements: <\/strong>Some savings accounts require you to maintain a minimum balance, or you\u2019ll incur a fee. <\/li> <li><strong>Types of savings accounts:<\/strong> Not all savings accounts are the same\u2014more on this in the next section. <\/li> <li><strong>Online vs. traditional banks: <\/strong>Although savings accounts can be found at traditional banks and credit unions or online, you\u2019ll often earn more in interest with the latter. <\/li> <\/ul> <h2 class=\"wp-block-heading\" id=\"h-types-of-savings-accounts\">Types of Savings Accounts<\/h2> <h3 class=\"wp-block-heading\" id=\"h-basic-savings-accounts\">Basic Savings Accounts<\/h3> <p class=\"wp-block-paragraph\">These accounts let you earn a small return on your money, and you can withdraw funds as needed (subject to limitations). Basic savings accounts often have low minimum balance requirements and are an ideal option for emergency funds or to save for short-term goals. <\/p> <h3 class=\"wp-block-heading\" id=\"h-high-yield-savings-accounts\">High-Yield Savings Accounts<\/h3> <p class=\"wp-block-paragraph\">High-yield savings accounts come with higher APYs than basic savings accounts. They\u2019re ideal if you want to safely maximize your earnings without committing to a long-term investment account, like a CD, but they typically carry minimum balance requirements. <\/p> <h3 class=\"wp-block-heading\" id=\"h-online-savings-accounts\">Online Savings Accounts<\/h3> <p class=\"wp-block-paragraph\">Online savings accounts are managed entirely through digital platforms. They generally come with more competitive rates and little or no fees, as they are less costly for financial institutions to manage.<\/p> <h3 class=\"wp-block-heading\" id=\"h-money-market-accounts\">Money Market Accounts<\/h3> <p class=\"wp-block-paragraph\">Money market accounts (MMAs) combine the features of savings and checking accounts. They offer competitive interest rates and provide easy access to funds through checks or debit cards, but they often come with higher minimum balance requirements and monthly transaction limits. <\/p> <h3 class=\"wp-block-heading\" id=\"h-certificates-of-deposit\">Certificates of Deposit<\/h3> <p class=\"wp-block-paragraph\">Certificates of deposit (CDs) offer a fixed return on your money if you agree to leave it in the account for a set period. They generally offer higher interest rates compared to regular savings accounts \u2013 the longer the term, the higher the rate. However, withdrawing the funds early could be costly. <\/p> <h3 class=\"wp-block-heading\" id=\"h-specialty-savings-accounts\">Specialty Savings Accounts<\/h3> <p class=\"wp-block-paragraph\">Specialty savings accounts cater to specific needs. Common examples include student or kids savings accounts and senior savings accounts. There are also health savings accounts, which are tax-advantaged and used by individuals with high-deductible health plans to cover medical expenses. <\/p> <h2 class=\"wp-block-heading\" id=\"h-what-are-the-benefits-of-a-savings-account\">What are the Benefits of a Savings Account?<\/h2> <p class=\"wp-block-paragraph\">There\u2019s a lot to love about savings accounts. <\/p> <h3 class=\"wp-block-heading\" id=\"h-safety-and-security\">Safety and Security<\/h3> <p class=\"wp-block-paragraph\">As previously mentioned, deposits are typically insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per account holder. This means your money is protected even if the bank fails.<\/p> <p class=\"wp-block-paragraph\">A savings account also offers protection against theft and loss. Unlike keeping cash at home, your money in a savings account is safe from dangers like fire, burglary, or accidental mishaps.<\/p> <h3 class=\"wp-block-heading\" id=\"h-interest-earnings\">Interest Earnings<\/h3> <p class=\"wp-block-paragraph\">Savings accounts allow your money to grow over time through interest earnings. The interest rate may not be very high, but it\u2019s better than <a href=\"https:\/\/www.miamiherald.com\/banks\/banking\/how-much-money-keep-checking-account\/\">keeping money<\/a> in a non-interest-bearing account. Even a modest annual percentage yield (APY) can help grow your savings over time.<\/p> <h3 class=\"wp-block-heading\" id=\"h-liquidity-and-flexibility\">Liquidity and Flexibility<\/h3> <p class=\"wp-block-paragraph\">Savings accounts provide easy access to your funds, making them highly liquid and flexible. You can typically withdraw money at any time without penalty (subject to restrictions for ATM withdrawals), which is helpful if you encounter a financial emergency or unexpected expense.<\/p> <h3 class=\"wp-block-heading\" id=\"h-financial-discipline\">Financial Discipline<\/h3> <p class=\"wp-block-paragraph\">Making regular deposits helps you develop good savings habits. Plus, you\u2019ll be one step closer to creating a fully funded emergency fund. Doing so prevents you from relying on credit cards or loans when life happens. <\/p> <h2 class=\"wp-block-heading\" id=\"h-savings-account-interest-rates\">Savings Account Interest Rates<\/h2> <h3 class=\"wp-block-heading\" id=\"h-how-interest-is-calculated\">How Interest is Calculated<\/h3> <p class=\"wp-block-paragraph\">Interest on savings accounts is usually calculated based on your average daily balance. More specifically, your bank or credit union takes the balance in your account at the end of each day, adds these amounts for the month and divides them by the number of days in the month. The bank then applies the interest rate to this average.<\/p> <h3 class=\"wp-block-heading\" id=\"h-factors-affecting-interest-rates\">Factors Affecting Interest Rates<\/h3> <p class=\"wp-block-paragraph\">When the Federal Reserve hikes or lowers interest rates, banks typically adjust their rates accordingly. Higher inflation rates can lead to increased interest rates, while special offers and competition among banks can also impact the rate you receive.<\/p> <h3 class=\"wp-block-heading\" id=\"h-compounding-frequency\">Compounding Frequency<\/h3> <p class=\"wp-block-paragraph\">Compounding frequency refers to how often interest is added to an account. It can be daily, monthly or annually. <\/p> <h2 class=\"wp-block-heading\" id=\"h-fees-and-charges-associated-with-savings-accounts\">Fees and Charges Associated with Savings Accounts<\/h2> <h3 class=\"wp-block-heading\" id=\"h-monthly-maintenance-fees\">Monthly Maintenance Fees<\/h3> <p class=\"wp-block-paragraph\">Many banks charge a monthly maintenance fee for savings accounts. This fee depends on the financial institution, often falling between $1 and $12 per month. It may be waived if specific criteria are met.<\/p> <h3 class=\"wp-block-heading\" id=\"h-withdrawal-limitations-and-excess-withdrawal-fees\">Withdrawal Limitations and Excess Withdrawal Fees<\/h3> <p class=\"wp-block-paragraph\">Federal regulations typically limit withdrawals or transfers from savings accounts to six per month without incurring fees. Exceeding this limit may result in excess withdrawal fees ranging from $5 to $15 per transaction. Frequent violations of these limits could lead to your account being converted into a checking account.<\/p> <h3 class=\"wp-block-heading\" id=\"h-inactivity-fees\">Inactivity Fees<\/h3> <p class=\"wp-block-paragraph\">Banks can charge an inactivity fee if your savings account remains dormant for a certain period. It\u2019s a good practice to make small deposits or withdrawals periodically to keep your account active and avoid this added cost or, in some instances, account closure. <\/p> <h2 class=\"wp-block-heading\" id=\"h-how-to-open-a-savings-account\">How to Open a Savings Account<\/h2> <h3 class=\"wp-block-heading\" id=\"h-choosing-the-right-bank-or-financial-institution\">Choosing the Right Bank or Financial Institution<\/h3> <p class=\"wp-block-paragraph\">Start by deciding between a traditional bank, credit union or online bank. Consider important factors such as fees, interest rates and minimum balance requirements. Also, pay attention to customer reviews and ratings.<\/p> <h3 class=\"wp-block-heading\" id=\"h-required-documentation\">Required Documentation<\/h3> <p class=\"wp-block-paragraph\">Next, gather the documents you\u2019ll need to open your account. Typically, you\u2019ll need a copy of your driver\u2019s license, ID or passport and proof of address. You\u2019ll also be required to complete an application where you\u2019ll disclose your date of birth, Social Security number and contact information. <\/p> <h3 class=\"wp-block-heading\" id=\"h-initial-deposit-requirements\">Initial Deposit Requirements<\/h3> <p class=\"wp-block-paragraph\">Most banks and credit unions require an initial deposit to open a savings account. Make sure you have the funds ready and understand how you can make this deposit.<\/p> <h2 class=\"wp-block-heading\" id=\"h-comparing-savings-accounts\">Comparing Savings Accounts<\/h2> <h3 class=\"wp-block-heading\" id=\"h-comparing-interest-rates\">Comparing Interest Rates<\/h3> <p class=\"wp-block-paragraph\">The interest rate you get depends on the <a href=\"https:\/\/www.miamiherald.com\/banks\/banking\/bank-accounts-types\/\">type of account<\/a> and financial institution you select. Comparing these rates directly can help you determine which account will provide the most earning potential for your savings.<\/p> <h3 class=\"wp-block-heading\" id=\"h-understanding-terms-and-conditions\">Understanding Terms and Conditions<\/h3> <p class=\"wp-block-paragraph\">Always read the terms and conditions of a savings account before opening it to avoid any surprises. These documents outline the rules and fees associated with the account you select. <\/p> <h2 class=\"wp-block-heading\" id=\"h-conclusion-maximizing-the-benefits-of-a-savings-account\">Conclusion: Maximizing the Benefits of a Savings Account<\/h2> <p class=\"wp-block-paragraph\">To get the most out of a savings account, choose one with a high annual percentage yield (APY) to grow your money faster. Make regular deposits, preferably through automatic transfers, and keep your savings separate to avoid dipping into the funds.<\/p> ","protected":false},"excerpt":{"rendered":"<p>Discover what a savings account is and how it works. Learn about the benefits and features to maximize your savings.<\/p> ","protected":false},"author":7,"featured_media":40086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[271,237],"tags":[],"class_list":["post-39978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-savings-accounts"],"acf":{"zone_id":"324280","sponsored":false,"external_author":1943,"external_editor":39659,"not_show_feature_image":false},"featured_image_src":"https:\/\/www.miamiherald.com\/banks\/wp-content\/uploads\/2024\/07\/what-is-a-saving-account.png","author_info":{"display_name":"","author_link":"https:\/\/www.miamiherald.com\/banks\/author\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is a Savings Account? A Complete Guide | Miami Herald<\/title>\n<meta name=\"description\" content=\"Discover what a savings account is and how it works. Learn about the benefits and features to maximize your savings.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is a Savings Account? A Complete Guide\" \/>\n<meta property=\"og:description\" content=\"Discover what a savings account is and how it works. Learn about the benefits and features to maximize your savings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/\" \/>\n<meta property=\"og:site_name\" content=\"Miami Herald - Personal Finance\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-12T15:32:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-27T14:47:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.miamiherald.com\/banks\/wp-content\/uploads\/2024\/07\/what-is-a-saving-account.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/\"},\"author\":{\"@type\":\"Person\",\"image\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Allison-Martin.png\",\"name\":\"Allison Martin\",\"jobTitle\":\"Writer\",\"url\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/author\\\/allison-martin\\\/\",\"description\":\"&lt;p&gt;Allison Martin is a personal finance enthusiast and a passionate entrepreneur. With over a decade of experience, Allison has made a name for herself as a syndicated financial writer.&lt;\\\/p&gt;\\n\"},\"headline\":\"What is a Savings Account? A Complete Guide\",\"datePublished\":\"2024-07-12T15:32:24+00:00\",\"dateModified\":\"2024-09-27T14:47:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/\"},\"wordCount\":1425,\"image\":{\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/what-is-a-saving-account.png\",\"articleSection\":[\"Personal Banking\",\"Savings Accounts\"],\"inLanguage\":\"en-US\",\"timeRequired\":\"PT1MIN\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/\",\"url\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/\",\"name\":\"What is a Savings Account? A Complete Guide | Miami Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/what-is-a-saving-account.png\",\"datePublished\":\"2024-07-12T15:32:24+00:00\",\"dateModified\":\"2024-09-27T14:47:14+00:00\",\"author\":{\"@id\":\"\"},\"description\":\"Discover what a savings account is and how it works. Learn about the benefits and features to maximize your savings.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/what-is-a-saving-account.png\",\"contentUrl\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/what-is-a-saving-account.png\",\"width\":1200,\"height\":800,\"caption\":\"what is a saving account\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/banking\\\/saving-account\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is a Savings Account? A Complete Guide\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/#website\",\"url\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/\",\"name\":\"Miami Herald - Personal Finance\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"\",\"url\":\"https:\\\/\\\/www.miamiherald.com\\\/banks\\\/author\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is a Savings Account? A Complete Guide | Miami Herald","description":"Discover what a savings account is and how it works. Learn about the benefits and features to maximize your savings.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/","og_locale":"en_US","og_type":"article","og_title":"What is a Savings Account? A Complete Guide","og_description":"Discover what a savings account is and how it works. Learn about the benefits and features to maximize your savings.","og_url":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/","og_site_name":"Miami Herald - Personal Finance","article_published_time":"2024-07-12T15:32:24+00:00","article_modified_time":"2024-09-27T14:47:14+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.miamiherald.com\/banks\/wp-content\/uploads\/2024\/07\/what-is-a-saving-account.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/#article","isPartOf":{"@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/"},"author":{"@type":"Person","image":"https:\/\/www.miamiherald.com\/banks\/wp-content\/uploads\/2023\/11\/Allison-Martin.png","name":"Allison Martin","jobTitle":"Writer","url":"https:\/\/www.miamiherald.com\/banks\/author\/allison-martin\/","description":"&lt;p&gt;Allison Martin is a personal finance enthusiast and a passionate entrepreneur. With over a decade of experience, Allison has made a name for herself as a syndicated financial writer.&lt;\/p&gt;\n"},"headline":"What is a Savings Account? A Complete Guide","datePublished":"2024-07-12T15:32:24+00:00","dateModified":"2024-09-27T14:47:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/"},"wordCount":1425,"image":{"@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/#primaryimage"},"thumbnailUrl":"https:\/\/www.miamiherald.com\/banks\/wp-content\/uploads\/2024\/07\/what-is-a-saving-account.png","articleSection":["Personal Banking","Savings Accounts"],"inLanguage":"en-US","timeRequired":"PT1MIN"},{"@type":"WebPage","@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/","url":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/","name":"What is a Savings Account? A Complete Guide | Miami Herald","isPartOf":{"@id":"https:\/\/www.miamiherald.com\/banks\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/#primaryimage"},"image":{"@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/#primaryimage"},"thumbnailUrl":"https:\/\/www.miamiherald.com\/banks\/wp-content\/uploads\/2024\/07\/what-is-a-saving-account.png","datePublished":"2024-07-12T15:32:24+00:00","dateModified":"2024-09-27T14:47:14+00:00","author":{"@id":""},"description":"Discover what a savings account is and how it works. Learn about the benefits and features to maximize your savings.","breadcrumb":{"@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/#primaryimage","url":"https:\/\/www.miamiherald.com\/banks\/wp-content\/uploads\/2024\/07\/what-is-a-saving-account.png","contentUrl":"https:\/\/www.miamiherald.com\/banks\/wp-content\/uploads\/2024\/07\/what-is-a-saving-account.png","width":1200,"height":800,"caption":"what is a saving account"},{"@type":"BreadcrumbList","@id":"https:\/\/www.miamiherald.com\/banks\/banking\/saving-account\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.miamiherald.com\/banks\/"},{"@type":"ListItem","position":2,"name":"What is a Savings Account? A Complete Guide"}]},{"@type":"WebSite","@id":"https:\/\/www.miamiherald.com\/banks\/#website","url":"https:\/\/www.miamiherald.com\/banks\/","name":"Miami Herald - Personal Finance","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.miamiherald.com\/banks\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"","url":"https:\/\/www.miamiherald.com\/banks\/author\/"}]}},"_links":{"self":[{"attributes":[],"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/posts\/39978"}],"collection":[{"attributes":[],"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/posts"}],"about":[{"attributes":[],"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"attributes":{"embeddable":true},"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"attributes":{"embeddable":true},"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/comments?post=39978"}],"version-history":[{"attributes":{"count":0},"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/posts\/39978\/revisions"}],"acf:post":[{"attributes":{"embeddable":true},"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/external-author\/39659"},{"attributes":{"embeddable":true},"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/external-author\/1943"}],"wp:featuredmedia":[{"attributes":{"embeddable":true},"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/media\/40086"}],"wp:attachment":[{"attributes":[],"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/media?parent=39978"}],"wp:term":[{"attributes":{"taxonomy":"category","embeddable":true},"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/categories?post=39978"},{"attributes":{"taxonomy":"post_tag","embeddable":true},"href":"https:\/\/www.miamiherald.com\/banks\/wp-json\/wp\/v2\/tags?post=39978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}