How can I make the most of my savings?

[NiteWulf]

I have a few thousand in the bank and I'm looking to get more than my $2/month interest. I'm somewhat leery of the stock market, so I was thinking of bills or bonds, but I have no idea where to start. My bank offers those programs where they lock up my money for a year with decent returns. What do you think? I'm willing to part with $5k for a year, up to $8k for 3 months. That's just when I can't touch the money, though. Anything that lets me withdraw would increase the amount.

Tips? Hints? Nefs? And no, I will not invest in your new video card...

 

[Triforceofcourage]

Maybe a CD or treasury bills?

 

[NiteWulf]

Originally posted by: Triforceofcourage
Maybe a CD or treasury bills?

Have any details?

 

[everman]

Originally posted by: NiteWulf

Originally posted by: Triforceofcourage
Maybe a CD or treasury bills?

Have any details?

You could get a 6 month CD (or longer time duration) that is a guaranteed rate of return. If you want the money back sooner you can with penalty fees.

T-bills are also useful for a short term investment.

You could also open a money market account, some are close to 4% and offer high liquidity and safety.

 

[Minjin]

Book 1

Book 2

Mark