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Kaylen Lawrence
Business
30 June, 06:23
List the pros and cons of a savings account.
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Salma Zimmerman
30 June, 06:44
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1. The pros of having a savings account is that number one, you have your money saved and grow interest over time. But the cons there is that it is only a small amount of interest.
Another pros
=> the security for your savings. If you just put your money at home, chances are thief can rob it.
=> You can do online banking
Cons:
=>Some banks charge when you do transactions like withdrawing your money, etc.
=> It’s better to invest your money if you want bigger interest than save it to bank and get only small interest.
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