Savings Accounts Only Benefit Your Bank, NOT You: Try These Options Instead If You Need Liquidity

Leaving your money in your savings account gives you very less interest, and you basically lose money over time since it doesn't even beat inflation. It however does benefit your bank, since they can use that liquidity for lending money, on which they generate interest.

But why should your hard-earned money not benefit YOU instead?

Instead of savings accounts, here are the top options you can consider to park your money if you need liquidity - watch

#money #personalfinance #bank


Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.

Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx...

Subscribe to Mint Premium Now: https://www.read.ht/Scaq

Subscribe to Mint's WhatsApp Channel: https://whatsapp.com/channel/0029Va91...