Banks keep their money in safe vaults. A portion of their money is deposited with the central bank of the nation too.
You can keep a lot of money at home if you want to. As long as you have legally earned money, you do not have to keep it in a bank. It may be safer in a bank but you can keep it in your home.
The bank is paying you (compensating you) for the use of your money. When you borrow money from the bank, you pay them interest.
They have their own bank.
To keep track of how much money someone has in their bank account. To keep track of how much money someone has in their bank account.
A bank is the safest place to keep your money.
At the river bank
money box or a bank.
He has to count everybodys money in the bank and keep an record on how much they spend.
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
Money that is paid for the use of money is called interest. When you keep your money in a bank savings account, the bank credits your account with interest.
It is better to keep the money in a bank account because:The money will earn an interest which will be an additional income for youThe bank will grant loans to other customers who need the moneyThis money will be used by those customers for their business needs
1. You gain money from having money in a bank (around 1% per year.) Interest 2. You keep your money safe.