Savings account has become one of the most important financial instruments of today as savings account can be used in many ways to maintain one’s permanent financial position. The main advantage of a savings account is that it can be used as a convenience in times of economic downturn. However, that benefit can only be reaped if it is used wisely. Your choice of opening a regular savings account at HNB FinanCE will become an important tool to protect you from future economic downturns. Considering the possible economic downturn in the future, there are many ways to plan for the future by maintaining a savings account with the help of one of the best financial institutions in Sri Lanka.
Acting as a financial security web
In particular, there are two main functions for the money you save in your account, precautionary and speculative. In other words, in an emergency it is natural to want to save your money without spending it on immediate consumption. By saving a significant amount of fixed amount in your savings account you can use the rest of your labor for operating expenses while at the same time creating the opportunity to save extra money in the event of a future economic downturn. As you face the economic downturn and your income declines, your savings account will act as a safety net to ensure that at least the operating costs of your daily life are covered. Because your savings account is secure at all times
An investment tool for business opportunities
When the country is in the throes of an economic downturn, you can make the best use of your savings account to invest in a better business. It will be a huge boon during a downturn in the market economy for consumer goods, in which essential commodities such as food and other products are important. In the event of an economic downturn through over-saving, you will have the opportunity to make an investment to fill the obligatory vacuum in the consumer goods market. Therefore, it can be used not only as a way to earn an income during a difficult period but also in a way that benefits more people.
Fixed income with interest
The special benefit of opening a savings account at HNB FINANCE Company is that you own an attractive interest rate that will be a permanent income, even in the event of an economic downturn. We offer more than 6 percent interest on those with more than a million balances in their savings account, and it will serve as a satisfying source of income for you if you consider that there may be an economic downturn in the future. In other words, saving more today will make it your second income stream and prepare you better for the crisis.
An ideal tool for a relaxed lifestyle
When you have a regular savings account at HNB FINANCE, it can help you determine how much you should spend on living expenses. You will be notified by SMS regarding each transaction you make. So, by reading that SMS you can know which give-and-take is most important in times of economic downturn and which give-and-take should not be avoided. That way, you can set up a lifestyle without compromising the economy. In other words, a savings account can help you maintain a balanced lifestyle even in times of crisis.
HNB FINANCE Company’s regular savings account not only ensures the security of the money you have worked hard for but also serves as a tool to help you cope successfully with crises such as the economic downturn.