Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Monetization
Review Website/Apps
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
Retirement
Personal loan
Savings for Students
Debt help
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
Make Money Online
Why you should not leave your money in the bank
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="Holicent, post: 248298, member: 76163"] Banks have been around for hundreds of years and they are still here because they offer a valuable service. Banks allow us to keep our money safe and make payments from it. The problem is that banks also charge high fees for these services, so much so that it can be worth your while to look for an alternative. Here are sone reasons why you should not leave your money in the bank: High interest rates. When you deposit money into a savings account, you earn interest on that money. However, this interest rate is usually below what you could get if you invested it elsewhere. If you don't want to invest yourself, then consider investing through an online broker who charges significantly lower fees than traditional financial institutions like banks and credit unions. High fees for withdrawals and transfers. If you try to withdraw or transfer money from your savings account at a traditional bank, they will often charge a fee for doing so, especially if it's done over the weekend. This can quickly eat into any interest you earn on your deposits and leave you with less money than when you started! One way around this issue is by using online banking services such as direct deposit and electronic bill payment options offered by many banks today. Lastly, inflation can make your money lose value. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Make Money Online
Why you should not leave your money in the bank
Top