Brandon McCann

Difference between savings and investing

Savings- The money one has saved up. Investing-expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property.

The reason you should develop a savings plan is to have money for the future. like if you lose you job and need money or you really want something or want to go somewhere.

savings offered by banks

Auto Savings tool that allows you to establish a recurring savings routine. Watch small amounts grow to meet your savings goals. With an Auto Savings transfer of $25 or more each month from a PNC Checking to your Statement Savings account, you can avoid the monthly service charge, regardless of average monthly balance.