Money in the bank

Depending on the amount it could maybe be adviseable to invest them in bonds, but this also depends on your banks and the possible fees. But investing in bonds you often get the best result if you are able to let your money stay in the invested bonds until they expire. So we talk about a 2year+ investment maybe.

I think investing is risky and in the bank is safer.. But then as you said, the interest is so little..investing is better as long as you have a good idea where to invest it where it would surely grow. i tried investing a few times but none of it succeeded.

The only advice I can offer to you is to go where YOU feel most comfortable to save money. You need to take into account a lot of factors: How quickly do you need to get your hands on the cash? Is the place you've selected FDIC (US-based banks only) insured? Is the location easily accessible? Can I get to the money fast and without penalty? How long until I need the cash? Think about all of those questions before making a final decision. Good luck in whatever you choose!

If the money is solely for saving and not everyday money then it can be good to find alternative places. The problem is that the higher the yield the higher the risk. Finding a safe investment that yields more money is the best option. This can be done with term deposits in banks or bonds. I keep most of my savings in an ING account as it pays higher interest and is easy to access. That is for money I need to have on call. If I could afford to put it away for a while I would probably go term deposit.

Hey beamer, I have a checking and savings account with my bank n they add money every time ipay my bill it's consider credit not much but I guess it's nice. Usually the percentages of the interest that is given bank isn't much to honest in most banks. The intrest isn't much at all. I have a capital one credit card. And they give you 1.25% annually then 10% of the 1.25% quarterly that's not normal. To me it's better for anyone who has thousands saved in a account. You can earn from it. For example , if you have $10,000 in your account with 1.25% they will give you $125 in a year free now you divide that by 12 which is $10.42 then you time that by 3 n get 31.26 then you add 10% which is 3.126 add that to 31.26 and get 34.38 then times it by 4 and get 137.544 in a year so the you gain a total 12.504 from the 10% So to me interest is awesome for people with a lot of money in there savings

I don't really put money on bank for interest, it's more about having great facilities. I need the ATM, online banking, and wire transfer as well. It surely makes my life easier.

Banks continue to play us close to nothing in interest. What they are giving will not even cover inflation rate in most countries. As such, there is a need to invest the money that you have in other instruments that has the potential to generate higher returns such as in mutual funds. Of course, there are risks in mutual funds, but you get to choose the ones that are less risky in nature. Once you get more acquainted with mutual funds and how best to invest, then you can look into the more "aggressive" funds". At the same time, make sure that you do asset allocation for your funds and not just put your eggs in one basket.

Yes, money in Banks is safe. But are you compromising on returns for sake of safety. Remember, money in Bank would not even cover the inflation and thus, you are actually losing your money as the value of your money is getting lower and lower day by day. You can visit my blog (given in my profile) for other ways to improve your returns without compromising on risk.

Hi, I do agree that nowadays the bank is offering very low interest for saving account or even fixed deposit. Although putting money in the bank is safer,but earning such a low interest does not make any good effect. If I were to have huge sum of money, I will use partly for investment either in share and property. Property markets is pretty good now and the price of houses keep rising up,it is good to have small investment in property which will definitely earn me money in future. Of course, investing in share is good,but it is more risky. Unless you really have extra fund in hand and wanna try to invest some in shares,you can always choose those good shares and keep few lots for long term investment.

I still put m y money in the bank even though the interest is really low now, it's safe there anyway. But I also think it's good to invest it, make a small business or something- if you're successful, then that small amount of money would become really big. But I won't do that until I finish school.

We are in the same thought of thinking for a profit than just in a bank. I've just done attending seminar 'bout Stocks & Bonds. They explained it and made me see that if you invest your money in there, it will be doubled in every 6 years. I'm just waiting for a go signal from my husband. Like you, i'm not happy with the gains, the bank is offering... it's so low. We're into a "Special Deposit Account" in one of those leading bank here that offers a much higher revenue than just a normal deposit account they have. In every 500,000 pesos, you will have a 1,100 pesos as gain in every month, tax free. But compare to Stocks & Bonds investing, it's chicken. 'just hoping that you too, may find yor way for your money to a better investment that offers a reliable & fruitful one.

There are two kinds of account, one is current account, the other is savings account. In china, the interest of current account is 0.36% a year, that of savings account is 3% a year. the interest for 2 years and 3 years is higher, if you have a great sum of money, you can have good interest fortune by open a savings account.Due to growing inflation rate, the government may raise the interest even higher to reduce the flow of liquidity. It's a good choice to invest in a savings acount.

I also think that money in the bank does not grow so much interest unless you put it in stock or investment.

Yeah the interest from a simple savings account is really small unless you have very large quantities of money, making the interest payment worth it. The problem is getting a very large sum of money through other investments. I don't really know how much you have so its hard to say what to invest in. I personally am saving most of my money for the stock market and trading futures/options. I really want to learn everything there is about trading. Maybe some small real estate or start a small business that you see potential profits from.

If you know of a safe investment around your place then place something there to have your money work for you faster. But if there is none around your place, then better put it there and be happy with what you can get from it. Putting your money to earn is not just like what we do in a bank where we just deposit and do nothing with our money. Investing means constant checking of you invested money and being able to see it grow or decline.