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    AdamFrankie's Avatar
    AdamFrankie Posts: 21, Reputation: 1
    New Member
     
    #1

    Nov 17, 2018, 03:00 AM
    Banks Saving Plans.
    Banks offer a lot saving plans but still there is one thing that I am unable to understand that what is the purpose of saving by paying. Like banks will take their commission as well.
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
    Uber Member
     
    #2

    Nov 17, 2018, 05:56 PM
    Commission? It is a form of investment. Banks pay you interest based on whatever rate they may use. I don't use banks for that, that is what Money Market accounts in Mutual Funds are for, IMO
    Alty's Avatar
    Alty Posts: 28,318, Reputation: 5972
    Pets Expert
     
    #3

    Nov 17, 2018, 09:55 PM
    You will never leave the bank with less money than you put in. I don't understand what you mean by commission. Commission for what? Banks actually pay you to put money in an account with them.

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