Are you making money from saving money in the bank?

[Potuse]

You can save money in the bank to make more money for yourself and there are several people who engage in this type of enterprise and they're making money but the amount of money you can make through this means is going to be very low because if low bank interest.

 

[Nomad]

No, I am not making money through this method. I receive interest on my saving account but I do not have a lot of money on my savings accounts therefore my earning is negligible.

 

[Abigael]

When you save money in the bank, you earn some interest overtime. However, it is a very small amount that won't even make any difference. Plus your money gets affected by inflation in the bank. You better invest it elsewhere.

 

[tray59]

Saving money in the Bank will only make you poor, if you want to be successful with your business you need to be Investing your money on a lot of things online.

Bank can not use your money without your conscience so how is that going to make you poor?that is not true you should have said it's going to make your money remain in one state without good profit

 

[Castelione]

We can't make a lot of money from just saving in a bank. There are tons of ways to invest our hard earned money and make them grow, some are risky while some are not that risky.

 

[eLdavis]

You cant actually make real money from saving in the bank though. Though when you make use of a fixed deposit account, you might get some percentage for saving but in the end what you get is never enough.

 

[Planbizzle]

In addition to other financial services like credit cards or investment accounts, all banks reward consumers who create new checking or savings accounts. These incentives, which may be worth up to $1,000, might be a convenient method to get extra cash just for creating an account.

 

[Jonaville]

No, I am not making money through this method. I receive interest on my saving account but I do not have a lot of money on my savings accounts therefore my earning is negligible.

I make money from this every month but the money is little. I don't even think that it is up to one percent of my money that I have saved in the bank so I always count it as nothing.

 

[Nomad]

If you want to earn profits by depositing in the bank account, you should try keeping your money on high yield interest bearing saving accounts. Here we have fixed deposit accounts where one can get upto 12 percent interest rate

 

[Laurentta]

I wouldn't say i'm making money by saving my money in the bank. I do get interest every month end but the interest is so low and you can't even use it to get anything.

 

[Mayorla]

I am not making money from saving money in the bank. Maybe it is because I do not have a very big savings in there.
But I believe it is possible to earn money from saving in your bank, if you have a reasonable amount of savings in there.

 

[Riberet19]

Not really, the money I leave in the bank is simply to pay bills or little else, I do not usually earn money from bank interest because in my country they are too low, I like other types of juicier interests such as those offered by cryptocurrencies even if they are more risky.