Overfunding Your Savings Account Could Hurt You. Here's Why

Overfunding Your Savings Account Could Hurt You. Here's Why
·3 min read

There's a reason it's important to keep money in a savings account: You need cash on hand at all times in case an unplanned expense arises that your paycheck can't cover. The upside of stashing money in your savings account is having your principal protected. By contrast, when you invest money in a brokerage account, the value of your investments can fluctuate based on market conditions.