Why have a Bank Account?

In this video, Jamal discusses a conversation with Malik about saving money. Malik wants to save for a video game console but forgets where he hid his money. Jamal suggests getting a bank account and explains the differences between current and savings accounts. He elaborates on the concept of interest, likening it to renting a bike. Malik learns about the benefits of savings accounts and decides to open one. He eventually remembers where he hid his money, resolving the issue.

What new insight or understanding did you gain from this video?