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What are the advantage and disadvantage of saving money in the bank?
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[QUOTE="Alexandoy, post: 101341, member: 25510"] I had worked in a bank for more than 10 years and my wife is still working in a bank until now. We prefer the bank to hold our excess money because it is insured. That means when the bank goes bankrupt then the government insurance will pay us our deposited money. Although the interest is very minimal at less than 5% per year we still prefer the bank than any other depository agency. [/QUOTE]
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What are the advantage and disadvantage of saving money in the bank?
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