High Interest Savings account are ideal for keeping the Emergency & Sinking Funds. The primary reason for using this accounts is that this will give us the interest on our money with zero risk.
- Emergency Fund: This fund is saved to tackle the unexpected situation such as medical expense, unemployment, unexpected car expense, etc.
- Sinking Fund: It is used for the expected situation in which money will be spent such as buying a car, down payment for a house, college fees, etc.
IF YOU WANT TO LEARN MORE ABOUT HISA(HIGH INTEREST SAVING ACCOUNTS) | EMERGENCY & SINKING FUNDS. WATCH OUR VIDEO ON YOUTUBE.