Where should you ideally save your money and what should you consider when choosing a saving avenue?
✅ Security of your funds.
You don't want to save your money in a place where there's a high likely hood of you losing your money.
✅ Greater returns than inflation rate.
The CBK has the normal inflation rate in Kenya at around 5%(plus or minus 2.5%)
Hence you want to save your money in an avenue where you can easily beat the inflation rate while exposing your money to very little risk.
✅ Ease of access.
For most people, they want to save their money in an avenue where they can easily access their money in case of an emergency or any financial need.
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