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When you deposit money into a savings account, the financial institution holds those funds and typically pays you interest as compensation. Interest is usually calculated as an annual percentage yield (APY) and may be compounded daily, monthly, or quarterly—more frequent compounding increases effective returns. Withdrawals are permitted, though some accounts may limit the number of free withdrawals per month or charge fees for exceeding those limits. savingsaccount2022720pmovielinkbdcomzee