4. Change Bank Accounts

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Additional to opening a saving account, think about changing bank accounts. This is because interest rates can vary greatly from one institution to another, so changing banks may allow you to improve the rate at which your money generates interest—and hence the rate at which your balance increases. 

Look for a savings account that offers a competitive interest. Compare savings account rates and fees to get the best one for you. Aside from that, many banks additionally provide new account holders with bonus cash and other incentives. This is a great way to increase your savings.

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