Motivations for individuals to deposit money into a savings account include:

Question

Quizplus · Accepted Answer

The primary motivation for individuals to deposit money into a savings account is to earn a return on investment. While there may be other benefits, such as shelter from taxes or reserving against war, the primary focus is typically on earning interest on the deposited funds. Lack of better investments may also be a factor, but this is not always the case as individuals may choose to save for a specific goal or to maintain a rainy-day fund regardless of alternative investment opportunities.

Motivations for Individuals to Deposit Money into a Savings Account