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Updated by dasitha-92 on Oct 25, 2021
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3 Reasons Why a Savings Account Is Important

Whether you are a student saving your pocket money or a stay-at-home parent saving up for a rainy day, the act of saving money is one of the best lifelong habits you can instill in yourself. For a hard-working employee that dreams of buying that new car or new house, saving a portion of your monthly earnings is the best way to get that dream fulfilled.

1

Safety of funds

Safety of funds

A savings account is ideal for maintaining your funds as it protects and provides insurance for your money from threatening external forces. It is also one of the innocuous means of investing your capital. Unlike investing in stock and bonds that can cause you severe losses due to volatile market conditions, you are not taking any form of a gamble by maintaining a savings account.

2

Unique features and value-added services

HNB FINANCE saving accounts offer convenient standing order facilities as well as 24-hour access to your account through the HNB FINANCE ATM card, along with SMS notifications on every transaction made on your account free of charge.

3

It generates interest

It generates interest

Maintaining your money in a savings account helps you generate some income through interest. Interest is a proportion of the amount deposited that is offered to you at the end of a specific time period by the institution that holds your deposit based on the interest rate that they offer.

Learn More - [https://www.hnbfinance.lk/savings/]