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26 October, 04:49

List the pros and cons of a savings account.

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  1. 26 October, 06:05
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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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