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Money Saving
Reasons why people don't save in banks.
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[QUOTE="Mika, post: 246130, member: 29399"] I don't know where you come from, what kind of monetary policy your country has, and what kind of rules are implemented by the banks in your country, however, banks are very powerful and also very popular in my home country. Unless you have a checking account or current account, banks give you interest on your deposit (in my home county). A normal saving interest is between 4 percent to 8 percent depending on the institutions (A class banks offer lower interest rates and smaller financial institutions offer higher interest rates), whereas interest on a fixed deposit account is between 10 percent to 13 percent depending on the institutions and fixed deposit period. If you want to save money, I do not think you get a better option than banks. You might save money at your home, but you don't get any interest in your saving. You might save money as bonds, security of deposit, etc, but these are not actually saving methods, instead, these are investment strategies. Banks do have some charges such as charges on online banking, sms alerts, even ATM withdrawals, etc, but you have on option not to subscribe to these to services avoid bank charges. [/QUOTE]
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Reasons why people don't save in banks.
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