Choosing the right and profitable savings product is not easy. You will find many savings and investment products offered by banks.
Then which is the most interesting to choose from in order for us to profit?
In addition to requiring self-discipline, saving and investing also calls for our efforts to find the best savings and investment products.
Because if we are originally saving and without knowing the advantages and disadvantages of a product, it will harm us in the future. Because savings and investments are something that is expected to grow and can be utilized in the future.
Currently, there are many choices of places to develop funds, either in the form of savings products or investment products that can be considered. Here are some choices of savings and investment products that you can choose to be a place to breed funds to be more productive.
Deposit
Deposits become one of the most popular banking products in many developing countries. Deposits are also considered to have a smaller and more measurable loss risk than capital market investment products.
Excess deposits
- It is easier to open a deposit account for the first time, even through a bank branch office.
- The
risk of losses is relatively small, even absent because the underlying
fund is secured by a state agency responsible for accountability.
- Many choices of time period, from 1 month to 24 months.
- There is a revenue share every month directly ditrasnfer to your account.
- It is suitable as a storage place for your funds, or if there are family emergency obstacles you can use.