I’ll keep it short and to the point, I have a savings account I regularly deposit money into to build enough to buy a car in 2-3 years. My current interest is .4%. However, this doesn’t even cover inflation in my country (average 1% annually).
I would like to put my money in something that doesn’t need exponential growth, just an interest return better than 1%.
I have very limited knowledge of the stock market and am not looking to trade, I just want a savings account that automatically trades for me, like a 401K.
My apologies if I sound unprofessional, I’m not at all smart when it comes to investments, mutual funds, money markets, etc.
(I am 19 from the United States)
TLDR Looking for a savings account to let my money slowly grow interest in without having to do the trading myself.
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