Financial Markets For The Rest Of Us An Easy Guide To Money, Bonds, Futures, Stocks, Options, And Mutual Funds |
Page 45 What is your investment horizon? What is your investment objective? What is your investment comfort level? For those of us looking for the ultimate safety in preserving our hard-earned money, there is always the option of opening a savings account in a favorite bank. In a savings account your money is safely kept for you while earning a nominal interest (2% to 4% these days), and of course it is perhaps the most liquid type of investment, giving you immediate access. The reason savings accounts are safe is that banks generally have procedures in place giving savings and checking accounts a great degree of protection and availability. That means your deposits will be available for immediate withdrawal any time you wish to do so. Moreover, virtually all banking institutions in the US are protected by FDIC (Federal Deposit Insurance Corporation), an independent agency of the federal government that insures accounts up to $100,000. … |
Table of Contents |