Saving money means setting it aside, usually in a bank account, in order to reach a specific financial goal. Investing money means using your money to purchase financial products, such as stocks, whose value will potentially grow over time. Saving money is a zero-risk approach to meeting your financial goals, but savings accounts typically have very low interest rates, so your wealth will only grow over time if you save more money. While investing can have a degree of risk, it is a way to build wealth more quickly and more effectively than saving.