Savings accounts can be a typical way to save money while earning interest rates. These accounts are typically backed through the federal government, making them a secure option. They provide liquidity which allows for quick withdrawals and transfers. Liquidity provide online banking in savings accounts which makes it easier to manage finances. Some savings accounts may require the submission of a minimum balance and offer greater APY (Annual Percentage Yield) on deposits with higher amounts. Payday Depot loans could also be offered to those in need of quick cash.