In my point of view, investing and saving are venues that you can grow your money.
Though in savings, if you'll going to use traditional way, it can only give a small percentage while with investing if you choose the right asset to hold it or if you choose a right business to venture the chance of growing your money to a decent to huge amount of growth is really possible..
Old way of saving money does not give any returns or interest because your only holding it on your own. The only way it can grow is when you add or when you save more money.
It was savings in the bank are the one that can give you a small interest but I think there is a downside with this because banks can charge you something, it is a fee for storing your money on their platform. Either we build our own business or we use the money to invest in some assets, both can provide us passive income but diversifying our money on different investments can work best and we should not only focus in crypto because cryptos are risky sometimes.
I'm referring to that kind of savings,
something like time deposit where the bank will hold your money for some time and give you small interest.
Not sure, but with traditional banking, as long as you're in the minimum balance, the bank will not charge anything.
Investment is way better if you know what kind of investment or business to take. It will lead you to grow
your money and if you do succeed, it can bring financial freedom.