I mean i want to be able to chuck money in an account and only have access to it say in 1, 2,.. 3 yrs or so??
Anyone knows???
thanks
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A Certificate of Deposit will serve that purpose. Most banks and credit unions offer them for six months, one year, two years, three years, and five years. Until that period is over, you can’t withdraw your money without incurring a major loss of interest. In return for not withdrawing your money, a Certificate of Deposit will generally earn you a higher rate of interest than a standard savings account.
A certificate of deposit (CD) doesn’t allow you to withdraw your money for a certain time period without incurring substantial penalties.
A CD is your best best. ING Direct pays the most on their CD’s compared to regular bank and they are easy to open and keep track of.
Certificate of Deposit. See Everbank.com.
you can find it in tools on this website http://infofinance1.notlong.com/9AAeVCb