Putting your money in a savings account is a terrible way to earn passive income. The bank may pay you around 0.01% on the money you save, which is very little if you consider that a large amount of money needs to be put into the savings account to begin with for a good profit…

Instead, buying shares of your bank gives you dividends, which have a higher percentage compared to a savings account. By buying shares you can make much more profit than if you saved.

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