I save my money on the bank but sometimes I wonder if I am doing the right thing, bank is not totally safe. You can leave your money in the bank for 6 months and have the exact amount it will rather lose value, even the security aspect is not guaranteed. Unnecessary deductions and more. I would rather convert my money to a more stable currency over a period of time or even invest it.
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The best place to save money is a commercial bank that has been registered with the government. Any of such commercial bank have depositors' funds insured. They also have a reserve ratio kept with the apex bank of the country. With those kinds of banks, your savings are 98% safe. I have seen individRead more
The best place to save money is a commercial bank that has been registered with the government. Any of such commercial bank have depositors’ funds insured. They also have a reserve ratio kept with the apex bank of the country. With those kinds of banks, your savings are 98% safe. I have seen individuals that saved with such banks recover their funds even when the banks liquidated.
See lessSaving money is very important for the growth of any individual. But where I save money depends on what I want to use the money for and when I want to use it for. If I want use it for something very important and I don't want to use it at all, then I have to save it into an account that I don't haveRead more
Saving money is very important for the growth of any individual.
But where I save money depends on what I want to use the money for and when I want to use it for.
If I want use it for something very important and I don’t want to use it at all, then I have to save it into an account that I don’t have an easy access to maybe with no ATM card.
Sometimes I give it out to others that I trust to help me hold it.
See lessI like to store my money in the Bank. And since I have been using it I have not had any issues with it. The bank also offer me other serviceslike accepting deposits, lending money, facilitating transactions, and offering various financial products like savings accounts, loans, and credit cards. BankRead more
I like to store my money in the Bank. And since I have been using it I have not had any issues with it. The bank also offer me other serviceslike accepting deposits, lending money, facilitating transactions, and offering various financial products like savings accounts, loans, and credit cards.
Banking plays a crucial role in the economy by facilitating the flow of money and enabling economic activities. So aside storing money with the banks a user can enjoy other great benefits
So basically I used the bank as they said with mobilising public funds, providing safe custody of savings and interest on the saved money
See lessTheir are several places to save money but I really perfect to save my money on cryptocurrency but it's important to note that investing in cryptocurrencies also carries risks, including price volatility, regulatory uncertainty, security vulnerabilities, and the potential for loss of capital. TherefRead more
Their are several places to save money but I really perfect to save my money on cryptocurrency but it’s important to note that investing in cryptocurrencies also carries risks, including price volatility, regulatory uncertainty, security vulnerabilities, and the potential for loss of capital. Therefore, it’s crucial to conduct thorough research, understand the risks involved, and only invest what you can afford to lose.
See lessI prefer to save my money in a savings account and then move my bills expenses to an external wallet I have access to all the time, I noticed that when you save money in a savings account you don't have access to it's easier to grow your savings. Keeping money in a wallet rarely helps because you haRead more
I prefer to save my money in a savings account and then move my bills expenses to an external wallet I have access to all the time, I noticed that when you save money in a savings account you don’t have access to it’s easier to grow your savings.
Keeping money in a wallet rarely helps because you have access to it at all times, another option to explore is automatic savings, I don’t know much about it though.
See lessI first save money on a normal saving account in banks, after some time when my saving grows, I move my money to high yield saving accounts such as fixed deposit saving account. While choosing fixed deposit account, I choose a bank where I can get maximum interest. I also try to go for longer duratiRead more
I first save money on a normal saving account in banks, after some time when my saving grows, I move my money to high yield saving accounts such as fixed deposit saving account. While choosing fixed deposit account, I choose a bank where I can get maximum interest. I also try to go for longer duration with my fixed deposit tenure for maximum returns
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