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Saving money in banks is always a good thing. You can use the money for an emergency requirement like hospitalization of a family member or your retirement etc. The only disadvantage or downside I can think of is the fact that, banks don't give a great interest rate on money saved in a savings account. So in the long run, putting the money in a fixed deposit or investing it in equity instruments would give you better returns than keeping the money in your savings account. Nonetheless, saving money is never a disadvantage no matter what.
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∙ 13y ago
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What the objective of a saving bank account main?
Saving money. Obviously
Disadvantages of saving money in a bank?
cannot invest. interest rates may drop the economic climate may affect it you will get ur monety back guarantedd
What are the advantages and disadvantages of bank guarantee?
Economical: bank guarantees are quite cost-saving as compared with bank loansSafe: reduction of risks inherent in transaction
What happened to coast federal saving bank?
Money collectinc for the people
What does it mean when you put money into an account?
It means that you are saving some money in your own bank account.
What the objective of a saving bank account main?
Saving money. Obviously
What is main objective of a saving bank account?
Saving money. Obviously
Disadvantages of saving money in a bank?
cannot invest. interest rates may drop the economic climate may affect it you will get ur monety back guarantedd
What are the disvantages of saving money?
The money is not readily available if an emergency arises Also the bank can freeze your acct at any time if they deem appropriate.
What does Money saving mean?
Saving money means you put money in a envelope or a bank account. "savings" Well you put it away and you don't touch the money and you keep adding money to the envelope or bank account
What is meant by motives of commercial bank?
saving the money
How to use the word saving in a sentence?
Saving can be used in a sentence many ways. For example you can use it referring it as saving money in the bank: How much money are you saving in your savings account?
What are the advantages and disadvantages of bank guarantee?
Economical: bank guarantees are quite cost-saving as compared with bank loansSafe: reduction of risks inherent in transaction
How do you find what happen to money from philadelphia saving fund society bank saving account?
i worked for this bank and have not received my vestyed money it's been ten yrs now
How can people save money besides in a saving account?
in a bank
What are the advantages of saving money in the bank?
There are numerous advantages of saving money in a bank for both the person saving the money and others. a. The money you save earns you interest income b. The money you save is lent out as loans to help out others c. The money you save can be withdrawn at any point in future to help you with your financial needs.
What are the disadvantages of save money?
You cant buy stuff that you want only what you need. saving money is a good thing
