A savings account in
the bank is a perfect option for keeping the extra money that you saved after
having cleared all the monthly expenses. There are a number of advantages that one
gets when they one keeps fund accessible in a savings account. Save keeping,
ease of access and security are few of the examples. This is a simple letter to
a younger brother about the advantages of having a savings account in the bank.
The article addresses the question of properly presenting the letter to the
concerned person. The letter may be modified according to the situation and
preference.
To
ABC
C/0
XYZ
Address
of ABC
Subject: Advantages
of Savings Bank Account
Dear ABC,
It’s been over a month since I last heard
from you. I hope this letter finds you in the best of health. I have written
this letter with the intention of putting forth to you the benefits of having a
Savings Bank Account. Hope the below mentioned points provide you with basic
information regarding a Savings Bank Account.
1.
The first thing that a Savings Bank
Account does is insure safety. When your hard earned money is stored in a bank,
it is safe from probable robbery or maybe even a natural calamity such as fire
at home.
2.
The amount deposited in a Savings
account gives you an income source in the form of interest rate. The rate of
interest can vary from bank to bank and has been rather on the lower side recently;
still it is better than keeping idle at home.
3.
You can also avail easy cash withdrawal
option, anywhere and anytime, using ATM card linked with a Savings account.
4.
You can also opt for net banking or
mobile banking along with your Savings Bank Account which gives you 24 hour
access to your account from the comfort of your home for online transactions.
5.
Savings Bank Account keeps a fine
balance at ease of availability of cash. The access to fund is not as easy as
cash at hand while at the same time not as tedious (deductions, time consuming)
as cash in long term investments.
6.
Money in Savings Account acts as separate
fund and with regular deposits to the account, you can watch your money grow
and encourage you to save more for a specific or emergency purpose
I hope
I am able to provide you some basic insights regarding the benefit of Savings
Account and I do believe it’s the right time for you to open one. I have
nothing more to add today.. Hope to see you soon.
Yours
truly
Your Name
Your Address
Date:
Place:
0 Comments