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Savings are usually placed in protected accounts (FDIC for banks and the National Credit Union Association for credit unions) which provides some protection in case the place fails. Investments involve risks--that you miss out on higher interest because your money is tied up and there is a penalty for withdrawal, that its value fluctuates with the stock or bond market, that there are high fees for making the investment which can actually have you end up with less money than you started with. There are ways of saving and investing which seem to overlap and this list doesn't cover everything.

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13y ago

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