NISA is short form for “Nippon International Savings Account”.
Although when looking at a this, we think of something like an ordinary account where you can put money and let it grow interest.
However, this NISA is actually a brokerage account.
From here, you can trade stocks, bonds or reits.
But the catch is, this isn’t just a regular brokerage account.
With a regular brokerage account, everytime you withdraw some stocks you get charged some fee.
However, with NISA you don’t.
Now you can understand why it is called a Savings account.