A bank deposit account will pay you a fixed rate of interest. This makes it easy to calculate how much your money will grow if interest rates don’t change.
Investment plans offer the potential of a higher return than you would get from a standard deposit account. However, depending on where your money is invested, it could also decline in value.
Whether you choose a bank deposit account or an investment plan depends on your personal goals and your tolerance of financial risk. An Ask Acorn financial advisor will help you decide by mapping out options that will suit your financial goals and personal needs.