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Is it safe to keep my money in the bank or at home?

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kickass Offline referral

Posts: 103
Joined: Apr 2014
Reputation: 1

Keeping your savings or money in the bank is a bit risky as if something happens to the bank your savings will be lost so what do you think about keeping the money hidden somewhere in your home?
surenot Offline referral

Posts: 498
Joined: Jan 2014
Reputation: 16

Senior Member
What do you have millions of dollars? Smile Put the money in the bank split the amount into small amounts just to be safe in case something happens you won't loose all of it.

The main purpose of keeping money in the bank is to generate interest. Saving money at home is very risky as it could get robbed, get burred and you make no extra money from your cash.
Erin Nagata Offline referral

Posts: 421
Joined: Jul 2014
Reputation: 5

Senior Member
Better to invest your money instead. How about life insurance. It can also be a practical way. Both ways have their pros and cons. Make sure to choose the best way.
evathomsan Offline referral

Posts: 336
Joined: Feb 2015
Reputation: 4

Senior Member
For securing money from various threats, splits money and keep it in more than one bank account.
nshntsngh Offline referral

Posts: 20
Joined: May 2015
Reputation: 0

Junior Member
Bank is safe. You also earn interest on your savings.
JeaneBarker Offline referral

Posts: 12
Joined: May 2015
Reputation: 0

Junior Member
Yes bank is safer.=)
ChetanModi Offline referral

Posts: 96
Joined: Feb 2016
Reputation: 1

Bank is sage criteria which is safe your money.
marcus_avrelius Offline referral

Posts: 2,507
Joined: May 2013
Reputation: 109

Support Team
Bank is a bit more safer than saving money under mattress Smile

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