Topic 5; Saving Products

Question 1

what do people take into consideration when choosing a savings product?

Answer 1

1. how safe their savings will be
2. if the return rate will be higher than inflation
3. how often they will be able to withdraw money
4. what the interest rate is
5. how regularly they would like to save

Question 2

Why do people save?

Answer 2

For future aspirations and goals
For future payments for certain needs like a deposit for a house