Thu. Oct 22nd, 2020

Here’s how regular savings accounts differ from standard savings accounts – explained by a finance expert

When looking at regular savings accounts in comparison charts, they often offer seemingly higher interest rates than other types of savings accounts. On standard savings accounts, a higher interest rate would mean that you are earning more interest on money held in the account, but the interest on regular savings accounts accumulates differently, so while the higher the interest rate will mean better returns on your money, you may not get as much as you initially think.