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What are the advantage and disadvantage of saving money in the bank?
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[QUOTE="Kendy, post: 226342, member: 63869"] The greatest disadvantage of saving money in the bank is due to no feasible interest rate. The main aim of saving money in the bank is just for security purposes. When it comes to securing money, saving through the bank is the safest means because when it comes to investment or trading sites, the site could be hacked or crashed. Most people are now aware of different ways which money could be invested and it would yield profits. However, these means could be very risky. Banks guarantee the security of our funds and you can always peace of mind without worrying about reading of curves and charts or listening to the news constantly but when it comes to gain, the interest is not encouraging. Presently, I still choose to save the little i have in the bank due to zero risk chances. Saving money in the bank does not guarantee one to outgrow his money. It is now seen to be more profitable if one can save money through investing in different sites or platforms like; stocks and shares, real estate companies, feasible business or better still saving by adopting the treasury bill account is more profitable than the normal mode of savings. [/QUOTE]
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What are the advantage and disadvantage of saving money in the bank?
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