Think Your Bank Savings Are Safe? Here Are 3 Hidden Risks You Shouldn’t Ignore!

Jakarta, Pintu News – When choosing an investment instrument, most people only focus on the benefits offered. In fact, to make a wise and appropriate investment decision, it is important to understand not only the positive sides, but also the risks or weaknesses of the choices made.

Saving in a bank does have various advantages, but there are also some disadvantages that you need to know before deciding to open a new account.

The following is a discussion of some of the main advantages and disadvantages of savings accounts.

Disadvantages of Saving in a Bank

Here are three disadvantages of saving in a bank that you need to know.

1. Interest Rate Subject to Change

One of the drawbacks of a savings account is that the interest rate is not fixed.

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This means that banks have the authority to change interest rates at any time at their discretion.

2. Too Easy Access to Funds

While easy access to funds is one of the main features of a savings account, it can also be a drawback for some people.

Because funds can be withdrawn at any time, many people are tempted to use them without planning, making it difficult to save in the long run.

3. Minimum Balance Requirement

When you open a savings account, banks usually require you to maintain a minimum average balance in the account.

If this balance is not met, a fine will be imposed by the bank. Therefore, before opening an account, it is important to know the minimum balance requirements of the bank concerned and ensure that you always meet these requirements to avoid fines.

Pros of Saving in a Bank

Here are three advantages of saving in a bank that you need to know.

1. Earn Savings Interest

A savings account allows you to earn interest on the money you save. To attract new customers, many banks now offer higher interest rates as well as additional benefits such as discounted locker rental fees, unlimited ATM transactions and more.

In fact, some banks also provide various types of savings accounts that are tailored to the needs of each customer.

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2. The Safest Investment Option

One of the main advantages of a savings account is its safety. Unlike other investment products that can be risky because your funds are invested, savings accounts do not place your funds in risky instruments, but still provide returns in the form of interest.

You only need to keep money in your account to enjoy this benefit.

3. Low Initial Investment Amount

If you compare different investment options, savings accounts are among the most affordable. You are only required to maintain a minimum balance to keep earning interest.

The amount of this minimum balance may vary depending on each bank’s policy.

Once you understand the advantages and disadvantages of saving in a bank, you can more easily determine whether this product is the right investment choice for you.

If you decide to open a savings account, make sure to check the interest rates offered by the bank and understand the terms and conditions, so that your savings experience goes smoothly.

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Reference:

• Icicibank. Advantages and Disadvantages of Savings Account. Accessed on July 21, 2025