Social Sciences, asked by tomibani8083, 8 months ago

2 disvantages of keeping money in the bank

Answers

Answered by drmalik021

keeping your money in a savings account can indeed result in lost money if the interest rate does not even keep up with inflation. ... Still, overall, if you want to earn the most interest possible on your deposits, you should go with a money market or high-yield account over a traditional one.

Over the medium to longer-term the rate of interest, you will get on your cash in the bank will be a lot less than the rate of return you will get by investing your money in a diversified portfolio of “real” assets like stocks or real estate .

❤hope it helps ❤

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