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6 February, 22:59

What is one advantage of keeping your money in a savings account

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  1. 6 February, 23:24
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    The advantage of keeping your money in a savings account is that you can withdraw money whenever you want from your account.

    Explanation:

    Unlike the long term investments which are withdrawn only upon maturity.

    The initial investment is also very low which is depending on the type of savings account., as compared to the long term investment.

    People who need to frequently deposit or withdraw amount in their bank accounts prefers savings account.

    It also deals with small amount withdrawn or deposit.
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