The most important point in choosing the appropriate investment for most savers security. They prefer to forgo interest, but to put their money in safe savings vehicles such as savings accounts or savings bonds. They, however, give away each year billions of dollars in interest income, for both forms of savings, there are as secure, but much better-yielding alternatives. These alternatives are fixed and money market accounts. Term deposit accounts are the alternative to savings bonds, since both products exactly in its original form over a defined period and laid down interest rate. In the fixed account will earn interest, however, much better than a savings bond and is due to online access is also much easier to manage. For the traditional savings account, there is an alternative to money market account. The duty payable on such an account overnight interest rates are well above those of savings accounts, and are based primarily on market interest rate. Just as well as savings accounts, money market accounts when there is no predefined term andInterest is not permanently fixed, but dependent on the development of the general market rate can be adjusted. In the long term average, money market accounts with interest rates of 4 possible up to 5 percent per year, in the interest on term deposit accounts on average even slightly higher, which is to establish an agreed maturity and the consequent availability of poorer due during this period. In terms of safety, there are two forms of savings observed in only one: that the bank should be a member of the Deposit Insurance Fund, paid for then the investors’ money and earned interest income even in the unlikely event of insolvency of the Credit Institute are covered at a level which no ordinary savers will ever reach. Savings banks and credit unions are uniformly connected and a separate security fund guarantee the deposits of its members in unlimited amounts. Thus, overnight, and fixed in two places really sensible and safe alternatives to conventionalSavings vehicles are and can be used by savers and investors alike for safe parking of money.
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