dagny
Apprentice
Joined: 27 Feb 2007
Posts: 5
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 Posted: 12/17/07 - 00:20 Post subject: |
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Short term savings is your best option. But there are different types of short term savings, but major option is savings account, they were the most popular rest area for short-term savings but 1-2% you earn in a savings account isn't enough to even keep up with inflation.
There are options such as Money market deposit accounts, usually require a minimum balance, and Money market funds are offered by brokerages and mutual fund families. These funds invest in highly liquid, safe securities such as certificates of deposit, government securities, and commercial paper. You can invest in government bonds or deposit certificates.
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