2007-12-10 08:09:59 · 8 answers · asked by onecheckthis 1 in Business & Finance ➔ Investing
In a bank. You are insured up to $100,000 per depositor. You can open accounts at multiple institutions if you want to deposit more that will be insured.
2007-12-10 08:15:42 · answer #1 · answered by moonman 6 · 1⤊ 0⤋
Use a bank or credit union. The accounts are insured against robbery, bank failure, etc. If you put your money in a mattress, and the house burns down, your insurance company will just say "sorry - your policy only covers $1000", or some such. The rest is your loss.
2007-12-10 08:17:57 · answer #2 · answered by Ralfcoder 7 · 1⤊ 1⤋
In a safe?
Anything that is FDIC insured is backed by the US Government, and would usually be considered pretty safe.
2007-12-10 10:42:55 · answer #3 · answered by krg427 2 · 0⤊ 0⤋
depends on weather you are hiding it from others (in A small safe) if your talking about savings A C.D. would be best or savings account boyh can earn interest and are insured.
2007-12-10 11:11:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I keep mine under my mattress, but other people use CD'S IN A BANK.
2007-12-10 09:28:44 · answer #5 · answered by Anonymous · 0⤊ 1⤋
A bank?
2007-12-10 08:17:02 · answer #6 · answered by Anonymous · 1⤊ 0⤋
think mattress.
2007-12-10 08:14:15 · answer #7 · answered by Anonymous · 0⤊ 1⤋
bury it
2007-12-10 08:17:18 · answer #8 · answered by kjcamel 6 · 0⤊ 2⤋