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Savings accounts are almost a right of passage into adulthood. Maybe when you were a kid, your parents tried to teach you about financial responsibility by having you deposit part of every dollar into your own savings account. Birthday money, Christmas checks... almost everything ended up getting deposited into that dreaded account. Maybe when you were 16, you were given access to the funds to buy a car, or later on to help pay for college. Either way, the goal is to teach that savings accounts help accumulate funds in two ways: