so first let's start with the most basic regular run-ofthe-mill savings account when you are saving for the first time your goal is to save a small emergency fund so when you're doing that some of you will put it just in a regular savings account at the bank but this account it will not earn you a lot of money you guys I mean a few bucks a year because it has a really really low interest rate but it's really secure it's not one that I really recommend but you'll earn like 8% or something.