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The money you put into a savings account earned interest.
Earnings on savings measure by the rate of return, or yield.
Types of interest
There are two types of interest:
For example, if you can $10,000.00 in savings at 6 % annual interest. After 10 years you would yearn $6,000.00 if interest rate was simple, and $6.895,00 if interest rate was compound.
In US you can also write checks on the account.
In Russia, the analogues of money market funds are mutual funds and exchange-traded funds.