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Because the bank will safeguard your money.
If someone steals your money from your desk drawer or from under you mattress, your money is gone forever. If there is a fire in your apartment, your money is gone forever.
If you choose an FDIC insured bank or an NCUA insured credit union, if your bank ever runs out of money to return to you, the government will return the first $100,000 of your money to you. ($250,000 until 12/31/09)
If you shop wisely for a bank, you can find one who will actually give you back more money than you put in! You open what is called a "savings account" and the bank pays you what is called "interest" for saving there. But be careful, a lot of banks charge fees (especially for small accounts) or pay interest that is so small you won't notice it. If you carefully compare banks, you can find a better deal.
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Is there BPI family savings bank in Mandaluyong?
yes Save
What are the advantages in saving money in the bank?
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.
Can you save 50000 dollars at one time into a US Savings bank account?
You can save large sums of money into a US Savings bank account, but any large amount will trigger bank reporting under the US Patriot Act. I believe it is any amount of $10,000 dollars or more.
What is the most basic service a bank provides?
A safe way to store and save money.
Why is it better to save money in a bank?
because if it's out of the bank you problay would spend it all and if you house gets broke into the robbers will steal all your money.
Why did the guy give his watch to the bank?
To save time
Where does a fish save it's money?
In the river "bank".
What is bank define it?
A financial institution. Finding a boyfriend who makes a lot of bank save and keep him.
What is Bank Hall Action Group's motto?
Bank Hall Action Group's motto is 'Working to save Bank Hall Bretherton'.
What type of bank account can help you save for college?
I found an excellent website providing the information you need regarding what type of bank account is needed to save for college. www.savingforcollege.com
What did nicholas biddle want to do?
he wanted to save the natoinal bank
How can people save money besides in a saving account?
in a bank
What can we do to save our selves from bank cartels?
prommoting THE ZAITGEIst thig
How much can you save in the bank on retirement social security?
10000rupees
Is there BPI family savings bank in Mandaluyong?
yes Save
How can you save your gold on RuneScape?
Go to a bank (you can find one in the world map) and deposit your gold; when you log out it will save for you.
What are the advantages of paying your house off?
You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.
