which a person has earned
but not spent
. Savings are usually kept in a savings account
in a bank
or credit union
, where they can earn interest
by being loaned
out to others. However, cash
stuffed under your bed or in a piggy bank
can also be considered savings.
Savings are usually considered distinct from investments, in that investments (such as stocks, bonds, or mutual funds) are presumed to be risky, whereas savings are presumed to be ... well ... safe.