Im thinking about putting some money in a High yelid savings account so i have it for a rainy day. I will be putting some out of reach paycheck and whatver else money i get. Im currently a college student and thought it would be a good way to have money just in case. Im not sure where i should do this at. either a bank or whatever way.
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dump it all in the chines market . at the rate that our government is going either china will run America or the banks or Rome . me myself I am putting my money on the chines.
Bank accounts donot provide very high yield. But if you need liquidity and savings both, it will be proper to open a flexi deposit account in which you will be able to save and withdraw amount as and when required. So also your savings can be converted in to fixed deposit and will give you interest at fixed deposit rate.Think 10 times before investing in schemes other than Banks.
Please do not use a savings acct.. vey little interest will be earned i suggest opening a roth ira or something with a better rate of return, let your money work for you, The best online brokerage acct. by far is zecco, but i advise you to do the research yourself to confirm this first! they are the only ones that have free stock trading {with 2500 minumum acct balance, or 4.50 if less than 2500, wich is still the lowest you will find i promise}, it’s what i use and am doing quite well.http://friends.zecco.com/r/404dce3a71db1…