I want to save the money for later in life or for an emergency. Should I put it in my savings account, open a CD, or is there another option? I am not very money-savvy. Thanks!
2006-11-29 02:31:19 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
open up a cd
2006-11-29 02:33:29 · answer #1 · answered by Sweet Pea 5 · 0⤊ 0⤋
Stay away from local banks and get a savings account online. Interest Rates are way higher. Look for No minimum, no fee, fdic insured accounts.
Check out ING, HSBC Direct and Emigrant Direct
2006-11-29 11:46:43 · answer #2 · answered by crtvqt 2 · 0⤊ 0⤋
Ing direct offers a variable interest rate from anywhere between 3 and 5.5%. certificate of deposits are about 5%, but with cds you lock your money away for a year or more. With Ing direct you have access to you money whenever you need it.
2006-11-29 10:42:57 · answer #3 · answered by you do not exist 5 · 0⤊ 0⤋
I feel cd is the way to go.
2006-11-29 10:33:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
http://www.shaklee.net/thehealthyway/distMain
http://www.shaklee.net/pws/library/business/OppPres_Eng.ppt
2006-11-29 10:33:58 · answer #5 · answered by give h 2 · 0⤊ 0⤋