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Is saving money in the bank for long-term really profitable ?
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[QUOTE="Kendy, post: 226394, member: 63869"] I think the main aim of saving money in the bank is for safety and security but if you talk about profitability then, it is a no-go area. Even if you save your money in the bank for 20 years, it will not be profitable as it would have been if it was invested in a profitable venture. This is one of the highest disadvantage of saving money in the bank because it doesn't grow but remains static or it could even be coupled with frequent deductions. The main reason I save my money in the bank is because I do not want to go into any psychological trauma which may arise if I choose to invest in a site and a later crashes. There are still some ways in which you can save money in the bank and get profit and it will either be through opting for a fixed deposit account or a treasury bill account. In a fixed deposit account, you can actually fix your money for about 2 years or above and get some profit but it will not be high as when compared to treasury bill account. Treasury bill account is actually the one in which government borrows money from individuals and gives you some relatively high returns than that of a fixed deposit account. [/QUOTE]
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Is saving money in the bank for long-term really profitable ?
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