Saving money in the bank means putting your money in a safe place where it can grow. People save money in the bank because it’s a secure way to keep their money and sometimes make a little more with something called interest.

Some good things about saving money in the bank are it keeps your money safe, it might earn extra money over time, and it’s helpful for different plans you have, whether they’re short-term or long-term.

People can pick the kind of bank that works best for them, like a regular bank where you can go inside, or an online bank where you can do everything on the computer.

For example, some people like going to a regular bank because they can talk to people there, while others might prefer an online bank because it’s easy and might give more interest on your money.