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Yes, most banks and credit unions offer savings accounts at no charge. There are also many online savings accounts available. However, interest rates are very low right now, which means that you will not earn much money from a savings account. If you do not need the money for a while, consider putting your money into a certificate of deposit, which will offer more competitive rates. You can get even higher rates of return by investing in index funds through a reputable personal investment company such as Vanguard. But please make sure you are comfortable with the possible risks before purchasing any investment product.

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Q: Is there any companies that offer free savings accounts?
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Does sainsburys bank offer free savings accounts?

The savings accounts are free of charge, but there are balance requirements, depending on the type of savings account. There are also restrictions such as the number of withdrawals allowed each month.


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