0
What are the pros and cons of a savings account as an investment?
Wiki User
∙ 11y ago
At one time, people used to save their money in banks in an saving account to get interest on that money. But time has changed. At present time, it doesn't look any benefit in saving money in a saving account as the interest rate is too low.
Banks use people money to give other people loan on high interest and they get benefits. But that benefit doesn't add in your money. People don't get more interest.
So at present time people prefer to save their money by investing somewhere else like LIC, by purchasing shares or any other mode instead of having a saving account.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What are the pros and cons of savings and loans?
you can save didley squat and earn alot
What are the pros and cons and steps to follow when buying a new home for cash?
I'm not sure I understand the question. Do you mean the pros and cons of buying a home WITH cash? Or do you mean buying a home FOR cash, ie for investment purposes?
What are the pros and cons for being a architect?
what are the pros and cons of being an architect
What are the pros and cons of a payday loan?
What are the pros and cons of a payday loan? the pros is you can get your loan quickly and do not need many credit, but the cons is that the interest is very high you should take attention to it
What are the pros and cons of debit cards?
The Pros of having a Debit card is you don't have to write a check and also won't let you go in debt. The Cons of having a Debit card is it makes it too easy to spend money at least until your account is empty.
What are the pros and cons of Saving the Environment?
you will save money due to energy savings
What are the pros and cons of savings and loans?
you can save didley squat and earn alot
Name 2 pros and 2 cons impacts using solar energy?
pros: Its environmentally friendly Its renewable Cons: Its dependant on the weather (which is variable) It can be an expensive initial outlay (but an investment!)
The pros and cons of physiocrats?
pros and cons of physiocrats
Pros and cons of jury selection?
what were the pros and cons for the nulification
What are the pros and cons and steps to follow when buying a new home for cash?
I'm not sure I understand the question. Do you mean the pros and cons of buying a home WITH cash? Or do you mean buying a home FOR cash, ie for investment purposes?
What is pros and cons of the Oregon Trail?
pros an cons of the Oregon trail
What are the Pros and cons of outsourcing offshore jobs?
Like any business, outsourcing has its pros and cons, like Pros: cost savings, quality of service, access to specialized talents, lesser liability, less staffing issues Cons: language/culture barrier, unethical practices, data security, training cost, turnover of work
What are the pros and cons of evidence based policing?
pros are + and cons are-
What are the pros and cons of monarchy?
pros: goodness cons: badness
What are the pros & cons of front-loading washing machines?
One of the pros of front-loading machines is the savings on water. A con of the machine is that you have to buy specialized low-suds detergent.
List pros and cons of video games?
PROS CONS ----------------------------------------------------- Pros: Entertaining Cons: Mental conditions can be caused, Adicition, Expensive.
