Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Money Saving
Is saving money in the bank for long-term really profitable ?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Kingsley, post: 225817, member: 30278"] Honestly there is really nothing profitable in saving your money in the bank if I would define profit as a gain that is made on a trade, or some benefits that accrues to you when you invest either money or time in something. So keeping your money in the bank only guarantees us one thing which is just the assurance that our money is safe and secured from all forms of loss that may arise as a result of thievery, and all other forms of disaster either natural or artificial that might arise. Beyond this advantages, the banks does not guarantee us any other special form of profit mostly at this particular point in time in this country where corruption is at its apex. You can imagine how things are these days in this country where when you decide to save N10,000 in your account the first thing you will notice is that some percentage of that money will be deducted. And you may end up having N9950. This is telling you that you even suffer losses for saving in the time. And more so you will also suffer inflation on the money that is saved in the bank. As time value of money will take its due course. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Money Saving
Is saving money in the bank for long-term really profitable ?
Top