Question

why do you save money in bank?​

Answer 1

Explanation:

It is familiar in most parts of the world. Over 100 years ago, people didn’t trust banks in many parts of the world. 50 years ago, people wouldn't have trusted ATMs. Even 10 years ago, many people didn’t trust online banking. But over time things become more familiar

Linked to the last point, banks have existed for over 200 years - 300+ years in the case of some UK banks like Lloyds. Investing was only for the rich until 20–30–40 years ago. So again, it is more familiar

Some people wrongly think it is safer to leave your money in the bank paying 0% compared to investing money even if you are long-term and even though investing has always beaten savings long-term

Answer 2

ᴛʜᴇ ɪᴍᴘᴏʀᴛᴀɴᴄᴇ ᴏꜰ ꜱᴀᴠɪɴɢ ᴍᴏɴᴇʏ ɪꜱ ꜱɪᴍᴘʟᴇ: ɪᴛ ᴀʟʟᴏᴡꜱ ʏᴏᴜ ᴛᴏ ᴇɴᴊᴏʏ ɢʀᴇᴀᴛᴇʀ ꜱᴇᴄᴜʀɪᴛʏ ɪɴ ʏᴏᴜʀ ʟɪꜰᴇ. ɪꜰ ʏᴏᴜ ʜᴀᴠᴇ ᴄᴀꜱʜ ꜱᴇᴛ ᴀꜱɪᴅᴇ ꜰᴏʀ ᴇᴍᴇʀɢᴇɴᴄɪᴇꜱ, ʏᴏᴜ ʜᴀᴠᴇ ᴀ ꜰᴀʟʟʙᴀᴄᴋ ꜱʜᴏᴜʟᴅ ꜱᴏᴍᴇᴛʜɪɴɢ ᴜɴᴇxᴘᴇᴄᴛᴇᴅ ʜᴀᴘᴘᴇɴ. ᴀɴᴅ, ɪꜰ ʏᴏᴜ ʜᴀᴠᴇ ꜱᴀᴠɪɴɢꜱ ꜱᴇᴛ ᴀꜱɪᴅᴇ ꜰᴏʀ ᴅɪꜱᴄʀᴇᴛɪᴏɴᴀʀʏ ᴇxᴘᴇɴꜱᴇꜱ, ʏᴏᴜ ᴍᴀʏ ʙᴇ ᴀʙʟᴇ ᴛᴏ ᴛᴀᴋᴇ ʀɪꜱᴋꜱ ᴏʀ ᴛʀʏ ɴᴇᴡ ᴛʜɪɴɢꜱ.