Should I put it in a CD account, keep it in my savings account, get government bonds what?
2006-08-06 16:03:51 · 13 answers · asked by Anonymous in Business & Finance ➔ Investing
honestly, you shouldnt be asking people who are guessing or just saying what they think is right. go consult an expert. dont trust strangers with your money if you cant see their face.
2006-08-06 16:07:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
it all depends on if u want this money back any time soon. option A: Put your money in a ING savings account and earn 4.24% option B: buy a 6-60 month ING CD for rates rangeing from 5.25-5.75 option C: buy a Gov bond but this things take along time to earn any interest and u can't back out of them when u need the money without paying a big fee.
2006-08-06 23:12:50 · answer #2 · answered by joe 2 · 0⤊ 0⤋
In my pocket.
Go on-line, look in the newspaper or go to the banks and ask for a "current rate sheet" (make sure it's not the rates for loans only) and look at the different interest rates at all your local banks. You have to shop around like you would when you're buying a car. If you know you won;t need the money in the near future, a CD would be best. Better interest rates (the more money the higher the rate) and when you lock it in, you won't want to take it out early and risk loosing money (early withdrawal fees) instead of earning money
2006-08-06 23:07:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Probably your savings account. But for better advice, read Dave Ramsey's The Total Money Makeover for a life lesson on money.
www.daveramsey.com
Good Luck
2006-08-06 23:08:32 · answer #4 · answered by snvffy 7 · 0⤊ 0⤋
On 13 red.
2006-08-06 23:07:46 · answer #5 · answered by Cookie 5 · 0⤊ 0⤋
by real estate and rent it out. you will be happy for doing this. Don't do whatever you proposed that's a total waste of time and money.
Want a joint venture in real estate, you can email me at tec_sf@yahoo.ca I have a few properties looking for joint venture partners
2006-08-07 03:34:34 · answer #6 · answered by 1001Questions 2 · 0⤊ 0⤋
Savings accts don't draw much interest unless you have ALOT of money..........Bonds take forever to mature, so a CD is probably your best choice......Or you could give it to me.........Take care...............
2006-08-06 23:08:20 · answer #7 · answered by mizzzzthang 6 · 0⤊ 0⤋
put it into my savings account and we will all be happier
2006-08-06 23:08:03 · answer #8 · answered by septboy19 3 · 0⤊ 0⤋
maybe a savings account...
2006-08-06 23:07:57 · answer #9 · answered by Anonymous · 0⤊ 0⤋
put 10% of your money to charity donations
2006-08-06 23:07:44 · answer #10 · answered by I-C-U 5 · 0⤊ 0⤋