The Best Savings Or Term Deposit That Earns More Than 9 Per Cent Per Year?

i live in melbourne australia, i wonder that anyone know how to invest your regular savings every month and earn more than 9 per cent per year? many much appreciated…

Related posts:

  1. Does Anyone Think That The 30 Year Savings Bonds Are Good For Long Term Investment/savings?
  2. Can You Hep Decide The Best Way To Invest For A Long-term Savings Goal?
  3. How Much Savings Did You Have Before You Got A Mortgage? Did It Make Up Your Whole Deposit And Which Year?
  4. How Much Money, P, Should Be Put In A Savings Account Now That Earns 5% A?
  5. What Type Of Account Should I Use For A Long Term Savings Account?
This entry was posted in Q&A's and tagged Best, Cent, Deposit, Earns, More, Savings, Term, Than, That, Year. Bookmark the permalink.

One Response to The Best Savings Or Term Deposit That Earns More Than 9 Per Cent Per Year?

  1. MVD34 says:
    February 28, 2010 at 2:27 am

    You are actually asking about the difference between saving and investing.
    When a person is saving money, they are generally trying to set aside money today to use tomorrow. The money is most often put in cash investments: the purpose of cash investment is to keep the money SAFE from loss and, secondly, to try to stay even with the effects of inflation (not loose purchasing power to the increases in prices over time).
    The tools of cash investment are bank savings account, money market accounts, and time deposits (CD’s in America). These investments have a very long history of making less money per year than the rate of inflation. Thus, your “9 cents per year” problem.
    Investing is intentionally exposing your savings to the risk of loss and volatility in order to try to GROW the value of your money over time to get ahead of inflation. In general, you must invest in equity or a combination of corporate & government debt plus equity to do this. In America, the most common vehicle is the mutual fund.
    Best of luck!