With the crisis that does not seem ready to end, and the circumstances that sometimes seem against our will, we are all ready to save as much as possible in the best possible conditions. Is not it ? Fortunately, banks and similar organizations offer a whole range of savings products in the banking market. Regulated or not, the savings account offers remuneration in return for the sums of money paid into it, according to the interest rates set by the State or the bank. Such an account certainly offers many advantages. Here I offer you a brief overview.
A savings account is a type of account generally separate from current accounts. Let me explain: I have a current account from which I take my monthly expenses. So, if I want to save with my bank, I should open a separate savings account, where my investment will be blocked. I could therefore not use it day to day, because the attraction of this account lies in its interest, paid regularly by my bank. Yes, the savings account is one of the most profitable banking products for their holder.
When you open your account, your bank will probably offer you different forms of savings with more or less attractive rates of return as well as conditions specific to each institution. In addition, many banks offer more attractive offers than the others, as evidenced by the new product of RCI Banque (more information on this site).
What I guarantee you above all is that having a savings account is a smart way to put money aside and make it grow without intervention on your part. Whether it is for the realization of a project, the purchase of a house or a trip around the world, the savings account is a very interesting solution.
At the risk of repeating myself, the different forms of savings are an interesting way to save for the realization of projects. But it is also a good way to deal with unforeseen situations, as the money deposited is immediately available.
In addition, the savings account, like the passbook, is a regulated investment, therefore risk-free. It thus offers a certain freedom to its holder, whether in terms of payment ceiling or payment period.
In the case of a regulated passbook, the savings account is most often net of tax: the interest generated by the account is not subject to income tax. The same goes for social contributions: the interest produced by your savings account is not subject to social contributions. Thus, if I often recommend that you open a savings account, it is precisely because it is completely tax-free.