Question by chessbusiness: Besides savings account best place to put money to “Earn Interest” as fast as possible?
Will not be touching the money at all but might move the amount from 1 financial tool to another or account to another to earn as much Interest as possible as fast as possible within a 10 year time frame.Any suggestions or info is wanted.
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No load Mutual fund account or a CD
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Tagged with: Account • Besides • Best • Earn • fast • Interest • Money • Place • possible • Savings
Filed under: Second Income
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Well there are various options
*Fixed Term Deposits
*Savings plan ( I have this one ), I pay a premium every month, I get a yearly bonus and then another bonus when the plan matures. I have this for 15 years, In 2024 I will get a lump sum that includes my premiums+annual bonuses accumulated+terminal bonus. ( obviosuly bank deducts charges etc). Other terms such as 6 years , 10 years are available.
*Monthly Investment Plans
*Bonds
However I would set an appoinment with your bank’s financial planning officer, so that you can get a better review of your finances and how you can invest.
However I would not keep money just in a savings account, make money work for you and keep your sort of disposable income in your savings account.
Safest things would be bank CDs or treasury bonds (not a mutual fund, but the actual bonds).
I’d say Treasury Bills.
Fidelity’s Capital & Income (fagix).