True. They earn big time charging interest for loaning others YOUR money. And then they charge you fee for keeping your money "safe".

The only good think I can think of of maintaining a bank balance is you can get a credit card which you would then use to start and improve your credit rating.

in fact that is too much important to hold some fund for emergency. because emergency never comes on invitation, and the remaining should be invest in a good business or anywhere else where you consider your money more safe and can also give you good profit. to me  i think in present time there is no other place so safe as bitcoin from where you can also get god profit and your fund may also be more safe there.

Savings actually in a bank will earn little interests because of its inflation. I'd rather choose investing that for sure offer a daily growth of my money. Investing will bring you a success if you choose a right platform that you can save more for the future.

I think better split it on two parts like 25% and 75%, 750% left in bank and earn 13% in year and with other 25% try to invest online

i think both have good options, but i think think those people who business minded will surely select to invest their mony, they do not put their money even in banks get interest on it. they want to invest their money in some profitable business so as to get to get good profit for that. to me i  personally like trading and therefore i have got a good experience in trading also.

We can't avoid to encounter those people who are always staying in their comfort zones because they will not become successful because if you want to be successful then you need to take risks in life and different sources of possible income to improve your life and also your lifestyle and if you done achieving those things then all you need to do is to relax.

Saving was meant to be some way to put something aside for the rainy days, for the future, but no thanks to our debt ridden monetary system that perpetually eats away at people's savings. Nevertheless, saving is a good leg forward to raise funds for startups and eventually when the profits starts to roll in, saving again becomes inevitable for the purposes of expansion and consolidation.

Something to really smile about is that with the increased level of awareness, savings has seized to be just the surrendering of one's blood and sweat to some opportunists, buying of assets with stable value has fast become a more effective way to save. That is the attraction in real Estate, gold and the likes and now even Bitcoin. Knowledgeable investors even employs tools like Futures to lock away the value of their assets against fluctuations in the future.

Yes there is an interest when saving in the bank but it is not much and I am sure no more than 4%. Why I say will drain the money? That's because there are also many administrative costs, and I'm sure the interest given is not as much as the administrative costs that must be incurred. And maybe I agree if saving money in the bank is safe because there is a security guarantee given to us. And for investment ,, investment is a smart way to get money I think. Not all investments are profitable is true but people who want to invest will definitely deepen where they invest. So if we are smart about choosing an investment for sure it will benefit or can make money.

This is how I think of it too. The better option is to save something for rainy days. It is not for either to save all or invest all but one should do it according to needs. Now it depends upon you to how much to save and how much to invest. Some people in the forum think that saving is totally a useless activity; according to me they are wrong. We should encourage saving and investing both at the same time.