Azaland

We at most times have the habit of leaving our extra money in savings accounts when there are alternatives like high-yielding fixed deposit, treasury bills and call deposit accounts. . Is it best to you leave your money in a savings accounts?
There's this thing called time value of money. Also, banks pay small interests on money saved in savings accounts.

Question is: is it profitable to leave your money in savings account?

Are savings accounts economically wise?

Share your opinion.

Investing your funds in a profitable business is better than leaving it in a savings account.
Banks make more money as interest rates rise due to the higher yields that they earn by investing their depositors money.