|Short-Term: It is usually done for small, short-term goals, for instance, purchasing a vehicle or creation of an emergency fund.
||Long-Term: Investing is typically for long-term goals (minimum 4-5 years), for instance, saving for a home or a child's education.
|Easy to access cash: A savings account offers access to hard cash when required. However, many savings accounts have limitations to the number of withdrawals
||Hard to access cash: When you invest cash, it's normally not as simple to get your hands on it quickly, when compared to a bank account.
|Low Returns: With a savings account, an individual can earn interest by parking cash in a bank account. However, saving accounts by and large earn a lower return than investments.
||High Returns: Investing has the potential for a higher return than a standard savings account. With time, the investment will appreciate, ultimately increasing net worth.