There are many reasons why people choose to open a savings account. Here are 3 strong reasons to open a bank account.
#1 – Designating emergency funds. Bank accounts are perfect for placing money for emergency situations.
#2 – Holding out for a dream purchase. If there is a large purchase you’re saving for, it’s great to have a bank account specifically for that.
#3 – Earning interest. Savings accounts are a great way to earn interest on your money. This way your money is working for you.
Simply put, having a bank account is a great way to better plan with your funds.