BANKS

Investment banks (IB) are financial intermediary’s that perform various services. Investors can put money in saving bank account where they store bit-by-bit in cash product which can be withdrawn to invest in a home, holidays, emergencies and others. The banks are financial institutions offering such services where they provide multiple options for conducting complex financial transactions. The investors should do their best to create such an emergency saving fund where the general rule is to put at least 10 per cent of the money into such accounts. The investment can be made for short, medium or for longer-term goals. 

Savings in bank accounts can be made with a small amount but the investor should be aware of the goals and place money at the right account. One can check the comparison shops, create a list, avoid payday lending traps, avoid charging too many items and avoid impulse buying. Automated savings where a portion of earning automatically goes into such scheme like the pension scheme can provide a backup at the time of emergency.