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Opening a savings can provide an individual many conveniences. list and briefly describe the conveniences that are associated with opening a savings account.

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Kalahira
Having a savings account can benefit you in the future. Putting money into a savings account is a safe choice (especially if the institution is FDA insured), and money in the account will gain interest over time, so you will have more money in the future. A savings account can also be used for an emergency fund.

conveniences that are associated with opening a savings account. are:

- the money that you put in your money is completely safe since it is insured by the FDA. This meant that even if your money is stolen from the bank, the government would replace it in full.

- It provide you with interest revenue. The rate of interest usually depended on the type of saving account that you have. Certificate of Deposit tend to provide higher interest rates compared to normal saving.

- Opening saving account could prevent you from overspending. There are several programs from the banks that provide you with pretty high interest revenue, but make your money can't be withdrawn until reach a certain maturity date.





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