Is it better to keep your money than in the bank?

It's always better if you can keep your money somewhere that is drawing interest. Even if it's only a few cents it is money coming in...just like here on mylot! That's my opinion anyway.. what's coming in ain't going out!

I think it is better to diposit in bank. We should keep money sufficient for us and the rest should be deposited in bank. Bank any way will provide interest. Also money in hand will force us to spent it unnecessary. A saving is also good. Also if a necessity occur we can withdraw money easily.

If you have a saving account at a bank, and have a fairly good amount of money in the account, then there is the benefit of receiving some interest on a monthly basis. The interest rates may vary from bank to bank. So, if interested, you might want to check the interest rates offered by different commercial banks. There can be many.

i think it can have its advantages if one has a good enough safe just in case ones home burns down. a small safe wouldn't do much good though as someone could just find it and walk off with it,lol. the idea does seem somewhat appealing when i think about it to keep my money in my home instead of a bank. it just seems like people or society in general are programmed to think "oh i got some money. i need to put it in a bank". still bank have their benefits but of course less after what all has occurred.

I think that it would be very wise to keep your money if your bank charges fees to hold it for you. But I think holding on to it yourself, you need to have a stronger will not to go off and spend it. What I would do is instead of putting it in the bank, I would give it to someone that I really trusted to hold on to if for me. Kind of like a personal bank! :)

To keep money in the bank is safe because if only at home you can take small amount to spend, until you notice it's all gone with nothing or always thinking somebody might get rob you unless you have a vault or worse a fire.

We, the Indian citizen, are not in that position. Our banking system has proved their strength during the depression. None of our bank has failed, none of our bank closed, none of our bank depositor lost hard money. Our controlling system saved our banks from the worldwide depression. So, we keep our money with banks with out any fear.

I still think banks are the way to go. Imagine that you have a lot of cash at home and someone breaks in... then you could lose it all! And banks also give you interest. The trick is to find a good bank though, one that does not take too many fees etc. from you. I have managed to find a bank like that, but it took quite a bit of work. So this is what I would recommend others to do as well.

You need to know what the banks fees will be up front. Hubby and I just got rid of a bank because they changed the checking account from a totally free checking to a fee for checking if you don't keep one hundred dollars in the bank every month and have money direct deposited. This is ridiculous! Many people do not have an extra hundred to keep in the bank all the time and not everyone has direct deposit. We told the bank we were displeased with the change and would be telling others not to bank there. The bank I am with now will keep your account open and not charge any fees even if you just have a penny in the account. We have it set up where we do not have overdraft charges. If a transaction would bounce the account it will be rejected so we do not have to pay extra fees.

I rather save my money in a container and hide it somewhere in my house with the bank fees going on. My bank charges $9 a month unless I do a direct deposit or have at least $1500 in the account. I can't do direct deposit since I don't have a job and where in the hell am I going to get $1500 that fast? Right now I have the account for free and don't have to pay any fees, but once that expires, I think I'm changing banks unless I can come up with $1500.

I always choose to my money in bank. if i keep it myself sooner or later i spent them to nothing important nor needed.

Well in todays money with credit cards debit cards one thousand atms in 1 sq km :P ... definitely its good to keep the money in the bank not only it is safe it is actually profitable because it gives you good interest .. so its win win .. ofcourse you wanna invest then its a whole different ball-game altogether !