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Check out this article: <b>Four Reasons the Good Old Fashioned Savings Account is Obsolete</b><br /><br />https://www.bestcashcow.com/articles/Four+Reasons+the+Good+Old+Fashioned+Savings+Account+is+Obsolete-8531<br /><br />There was a point before internet banking that passbooks were all the rage. These archaic devices were great. They were a constant running record of all of your transactions in an up to the minute format. From a tellers perspective they were horrible tedious accounts for old people. However they very much served a purpose. All of these new money market and high yield savings accounts didn't exist. But, now they do. These new accounts from banks and credit unions and other (i.e. Sallie Mae Bank, Discover Bank) are far superior to most brick and mortar savings accounts. <a href="https://www.bestcashcow.com/articles/Four+Reasons+the+Good+Old+Fashioned+Savings+Account+is+Obsolete-8531">Read More</a>
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