why do people save money in banks
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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People save money in banks primarily for security, interest accrual, and easy access. Banks provide a safe and secure way to store money, protecting it from theft or loss. Additionally, savings accounts can earn interest over time, allowing funds to grow. Banks also offer convenience through services like online banking, ATMs, and direct deposit, making it simpler for people to manage and access their savings whenever needed. Lastly, depositing money in a bank can help individuals track their finances, maintain financial discipline, and work towards achieving their financial goals.