Can you get income from savings?
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riordan
Apprentice
Joined: 25 Feb 2004
Posts: 7
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 Posted: 10/11/07 - 05:20 Post subject: |
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| Two months ago I have got heritage in a cash. Because I dont wont to spend this money I was wondering is there any possibility that I can get income from saving this money? I know there are some interest rates that banks are offering but I am not very familiar with all of this. Can someone explain? |
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demetrius
Apprentice
Joined: 01 Apr 2004
Posts: 11
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| Posted: 11/03/07 - 03:07 Post subject: |
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| Yes, the saving money can help you to get income from saving money. The simplest way is to put your money on saving account. You can consulate with your professional adviser how long you wont your money to stay in the bank and what is your interest rate. Before that you should think about your flexibility and emergency situations, do not put all your money on fixed term and make guaranteed savings for you. |
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