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The benefits of a Savings Account are varied such as a secure financial future, financial stability and hope to fulfil long-term aspirations when in need. That is why nearly every individual opens a Savings Account to make this possible. However, some people also tend to foster the idea of having multiple Savings Accounts.
Multiple Savings Accounts can be used to fulfil a range of financial goals for the long run. For example - you can have a separate Savings Account for your daughter’s marriage, another one for your son’s education and the last for your personal future savings. Read on to learn the pros and cons associated with this type of Savings Account.
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