There are lot of banks that offer savings account or current account depending on what is your requirement. You can shop around and look for best deals like free insurance if you maintain a balance which they require and etc. Bank which are operated by local businessman gives you a better or higher interest but be sure to know who manage it. Having a savings account is beneficial to you as you can get the money anytime if there is an emergency. It is like having a money standby for you. Deposit at three months worth of your salary.
Why you should need a bank account?
I learned my Business A, B, C from my mother. She was always frugal in terms of money but not stingy. I was able to open my bank account at the age of seven and maintain it until I reached High School. Learning about money early as teen will help your child to be responsible and cautious about money.
There are lot of banks that offer savings account or current account depending on what is your requirement. You can shop around and look for best deals like free insurance if you maintain a balance which they require and etc. Bank which are operated by local businessman gives you a better or higher interest but be sure to know who manage it. Having a savings account is beneficial to you as you can get the money anytime if there is an emergency. It is like having a money standby for you. Deposit at three months worth of your salary.
There are lot of banks that offer savings account or current account depending on what is your requirement. You can shop around and look for best deals like free insurance if you maintain a balance which they require and etc. Bank which are operated by local businessman gives you a better or higher interest but be sure to know who manage it. Having a savings account is beneficial to you as you can get the money anytime if there is an emergency. It is like having a money standby for you. Deposit at three months worth of your salary.
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