Quote from: MingLee on December 07, 2016, 12:15:30 AM

Quote from: NEWGOODOUBLE on December 06, 2016, 11:39:48 PM

Quote from: South Park on December 06, 2016, 09:59:26 PM

Quote from: blockman on December 03, 2016, 07:49:06 AM

Quote from: South Park on December 03, 2016, 02:21:22 AM

Quote from: Multipulty on December 02, 2016, 08:58:00 AM

Saving is usually best for short-term goals which you want to achieve in five years or less. This can include saving for special items or occasions such as a holiday, wedding or car. It's also useful to have savings which you can get at quickly in the event of an emergency or if you need access to your money at a set time. Over time, inflation can have a big impact on the buying power of your savings. To achieve potentially higher returns you might want to consider investing. Many investments involve investing in the stock market and so are higher-risk. But potentially the stock market can produce better returns over the medium to longer term than savings accounts.

Savings accounts don't really offer much in terms of yearly interest in fact by just buying bitcoin and holding you could obtain in a few weeks or months as much as you would have gotten have you left your money in a savings account.

Savings account is only created for those people who want to save their money in the bank and in return for the money that you will be depositing to the bank they will return some interest which is just like a bonus. And the best thing to invest today is with bitcoin because the price now is keep on increasing and by just saving you have an instant investment.

It is not a bonus the banks are offering you that interest because the lending your money and obtaining profits out of it the problem is the current interest rates are very low that is why most people are interested in looking for investment opportunities.

interest given the bank is very small only 1% -3% per year or even less than that, but if you're just aiming to save money alone, the advantages of small interest that will still be beneficial

1%-3% is a huge jump in what you see from a majority of banks, first world for the most part anyways. Banks around me at most offer 1.055% interest, and those are accounts with hefty sums in them, something like $100,000+ if I remember correctly. Most accounts offer between 0.555% and 1.055%.

Anything where you can get a projected return beyond that of ~2% is by far a better investment, in every single case.

I don't know but I can't think of any kind of savings account in a bank that can actually make your money be in value in the future. Inflation rate right now is bigger than any interest in a bank, what you are actually doing is you are making the bank rich while they are slowly stealing away your hard earned money. If I were you I would look at different investment plans that are actually better than any bank.