Both pay you cash, but they function very differently. Understanding the distinction is key to tax planning and risk management.
When you put money in a bank or buy a bond, you are a lender. The bank pays you interest for using your money.
When you buy dividend stocks, you are an owner. The company shares its profits with you.
For short-term goals (1-3 years), stick to interest. For long-term wealth (5+ years), dividends usually win.
See how much monthly income your savings could generate if invested in dividends.
DISCLAIMER: Investments in stocks can lose value.