I am horrible with saving.. and I am getting my commission check for my job in sales in a couple weeks.. I cannot save more than 100.00 because the rest needs too be used for bills.. etc... I know if i stick the 100.00 into a savings account I will end up spending it. Is there any CD that will let me save the money and have it non liquid so that i will not spend it ....I know fo CD'S where you can put 500.00 into it etc.. but I do not want that. I only have the 100.00 .. if so whats the best rate?
2007-12-12 15:01:07 · 6 answers · asked by igotyou888888 3 in Business & Finance ➔ Personal Finance
WoW plz dont answer if you dont even know what a bank account or a cd is.. that def is not going too help me! and the people who said open a savings account... thats not the question .. plz read what said
2007-12-12 15:14:50 · update #1
well if you could explain to me exactly what a cd.... is then i may be able to help you out and also what country you are from because different countries banking systems run differently so please do email me and i will try to help...
2007-12-12 15:12:41 · answer #1 · answered by MiS-eMo-PiMpCeSs 2 · 0⤊ 0⤋
Open an IRA or contribute to your 401(k) plan at work. Then you will be saving for your retirement. You will be pretty sure that you won't touch it because the fees and taxes would kill you if you did.
DON'T do savings bonds. They pay NOTHING in interest. They are horrible investments.
2007-12-12 23:04:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Where are you? That would help us.
Wachovia wants $ 1000.00. Try a credit union. They cater to the saver who doesn;t have a large amount to invest.
A local credit union will open you a savings acct w/ $ 5.00.
2007-12-12 23:09:47 · answer #3 · answered by TedEx 7 · 0⤊ 0⤋
Local banks in NY and NJ will let you do it.
2007-12-12 23:03:45 · answer #4 · answered by FILE 4 · 0⤊ 0⤋
Why not buy savings bonds.
2007-12-12 23:04:06 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Wells fargo i think .
2007-12-12 23:03:15 · answer #6 · answered by ♥ hello_kitty_xoxo ♥ 5 · 0⤊ 0⤋