http://bloggedonmoney.com/making-money/what-is-the-best-way-to-save-money-grow-interest-for-a-short-term/ Money Matters Blog Sun, 07 Mar 2010 04:01:16 -0500 http://wordpress.org/?v=2.9.1 hourly 1 http://bloggedonmoney.com/making-money/what-is-the-best-way-to-save-money-grow-interest-for-a-short-term/comment-page-1/#comment-4305 Sean Roberts Sat, 28 Nov 2009 18:23:25 +0000 http://bloggedonmoney.com/making-money/what-is-the-best-way-to-save-money-grow-interest-for-a-short-term/#comment-4305 There is a relationship between risk and reward. The higher the interest rate, the higher the risk. If you go into an investment which has a higher rate of return, you risk loss of some of your principle. I suggest that you get a CD at a bank. There is a relationship between risk and reward. The higher the interest rate, the higher the risk. If you go into an investment which has a higher rate of return, you risk loss of some of your principle.
I suggest that you get a CD at a bank.

]]> http://bloggedonmoney.com/making-money/what-is-the-best-way-to-save-money-grow-interest-for-a-short-term/comment-page-1/#comment-4306 Ralph T Sat, 28 Nov 2009 18:23:25 +0000 http://bloggedonmoney.com/making-money/what-is-the-best-way-to-save-money-grow-interest-for-a-short-term/#comment-4306 Unfortunately,it is not possible. Most deposit savings require at least $1,000.00 min.just to start and then you need to be sure that the fees do not eat up the interest you earn. A regular savings account will accomplish the same thing and you can access the money when you need it. Plus you can keep contributing to your savings account and then open a Certificate of Deposit account when you have more money. Unfortunately,it is not possible.
Most deposit savings require at least $1,000.00 min.just to start and then you need to be sure that the fees do not eat up the interest you earn.
A regular savings account will accomplish the same thing and you can access the money when you need it.
Plus you can keep contributing to your savings account and then open a Certificate of Deposit account when you have more money.

]]> http://bloggedonmoney.com/making-money/what-is-the-best-way-to-save-money-grow-interest-for-a-short-term/comment-page-1/#comment-4307 RitaMete Sat, 28 Nov 2009 18:23:25 +0000 http://bloggedonmoney.com/making-money/what-is-the-best-way-to-save-money-grow-interest-for-a-short-term/#comment-4307 You can get a 6-month CD. ING Direct always has good rates. You can get a 6-month CD. ING Direct always has good rates.

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