Deciding where to put your savings can significantly impact your financial future. Because of that, here is a breakdown of the main types of savings accounts and what you need to know about each. 1 - Traditional Savings Account Overview: The most common savings account offered by banks and credit unions. Key Features: Very low interest rates, easy access to your cash, and the Banks should be FDIC Insured or Credit Union is NCUA. Best For: Security and Building your relationship with a bank,...