City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: Is a insurance company a better place to save money than a bank?
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=GUEST81145,367091]They are different financial ways. If you save money in the insurance company, as the money get into the account of the company, they will deduct all kinds of commission, fees which support the operation of the company. The money often invest into stock market, debenture ect. and also maybe the interested is higher than bank interest if it is bull market.If you want to use this money urgently and want to refund before the contract expire, you will loss percentage of money. But if you deposit the money into the bank, you only get the interest of the money and pay the tax. But you don't need pay any commission or some kinds of management fees to the bank. And you can draw your money at any time without any losses. [/quote]
characters left
Name:
Get a new code