What is my best saving option?
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ninnette
Apprentice
Joined: 02 Apr 2007
Posts: 3
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 Posted: 12/11/07 - 05:55 Post subject: |
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| My mother left me all her life savings and this is really great lump sum of money. Even I don’t have to use this money now I want to put this money somewhere to be safe. I am thinking about all saving option I know, but nothing really impresses me. While my mother was alive this money were in bank on her savings account, I am thinking about some other options, do you know what is the best saving option write now? |
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nickolai
Apprentice
Joined: 22 Sep 2006
Posts: 3
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| Posted: 01/09/08 - 23:58 Post subject: |
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| Your mother choose the most safe option for her savings. If you put your money in the Bank on savings account, your money is totally safe and you have an interest rate on your savings, which represent your earnings. If you want to earn more you can invest your money, but I don’t think that you are up to investment. Term deposit have the highest interest rate so you should consider this option as well. |
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