Where should I put my savings?

I would put it in a high interest savings account I think Ing has a good one. I know it pays higher interest then the regular banks because you do not have to go to the counter all the time. There are also other online only banks, but I do not know that much about them, but they are usually about the same.

i keep my money from online earning sites at paypal. so far, this is the best thing that i am sure, i will not be tempted to spend them. i only make a fund transfer when there is an emergency or something that the fund is badly need.

I think the ING bank is the best place to invest the money. I think they are mainly an online company and don't actually have a physical bank to go to. So I guess they save on the employee and building costs. I think that's how they are able to give such a better interest rate than regular banks. I just have to mail them a cheque to open an account with them to earn the maximum interest.

wow,sounds great,but i really want to know how much online earnings you can gain one year,is it really enough for your traveling expenses?and no matter which bank,it just affords very very low interest rate.good luck

I think right now, bank of america has pretty high interest rates and ing savings.

I have seen interest rates vary so much at different banks that it isn't even funny. The best thing to do would be to call the banks or credit unions in your hometown to inquire as to how much interest their savings account is yielding. Some banks may even have a one-year certificate of deposit option that would allow you to possibly earn a higher rate of interest on your savings. Hope this helps!

A fixed deposit is the best option in case u have plans of vacation the next year.

The banks in my country is giving 0.125%. As such, it would be more beneficial to invest the money in some funds. But you mentioned that this is going to be a short-term allocation. As such, putting your money in a very short-term fixed deposit would be the best idea. The interest rate should be a little higher than what the banks are giving you.

Deposit your money in a bank that pays higher interest. Just make sure that the bank is stable. I think it is the safest way to save our money.

I currently use an online savings account which I use as a car fund. I save money throughout the year then when my car needs an MOT, service, insurance and road tax I withdraw it from there. By all means it's important to find an account with the highest interest rate possible; some banks may even offer a 6-12 month bonus rate just after it's been opened. This is all well and good but the rate can drop after that period so I find I have to keep my wits about me and keep watch for a good deal all the time if you want to make the most out of your savings. A small problem may be that to set up an online account the bank you want to set one up with may not allow you to set one up unless you hold a current account with them. I was only able to set my online account up with the bank I held my current account with...although I tried several other places but it seemed a lot of bother to shift my entire current account across to a new financial provider just because I wanted a higher rate on an online account. If you reside in England I reckon you should have a quick look at the thisismoney website. On here you can filter which accounts your looking for by how much you want to save and how much interest you want to recieve etc. It then gives you a run down of different providers and accounts available based on the information entered. Hope this helps a little.

there are number of ways to put your savings. but these must be in an organised way as i think. you must some money in your insurance policy which could make your future secure in some way. some money in a fixed deposits so that you could get a fixed higher amount after some years. and rest of the amount in share market or some mutual fund so that you could get the good return of the money. but keep in mind there must be a balance.

Hi there, having two bank accounts would be great. That's what I am doing. Where do you live? Because if you live in my country maybe I can give some suggestions on which bank you should put your money to. If not, I can't help you with that, I think every country has different interests.

You could give them to me !!!

If you already have enough to open a time deposit then it's good. It offers a higher interest rate. You can just choose any bank that you like, and ask for the requirements to open a time deposit. It's good to know that you're planning to save. And traveling is a great way to spend your money. It's a great experience.

Well, you can search through the internet of what bank does pay a decent interest. can compare which is best for your money to profit at the end of the year at least you can pursue your dream vacation. That is a very good idea to save money for a vacation. I would like to do that too. And you can start now looking for cheap airfare so that you will have an idea of how much you are going to spend for that planned vacation. Good luck.

I don't think any bank is paying a decent interest rate anymore. I was just thinking about this the other day. When I first got old enough to have my own bank account I believe the banks were paying between 6% and 8% interest. Now you are doing good to find a bank that pays 3%.

i put my savings in my atm card..because having a cash is so tempting especially for me who is addicted on buying many things..;)