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I want to save some money in the bank, what is the best way to do it?
January 24th, 2010 | 
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I am looking to put $500 in an account that I cannot touch for at least two years and it grows some interest. What kind of account should I do this in. I really know nothing about banking
put it in a term deposit , they will give you a higher interest rate i suggest you oput it in for one year at a time two years in a row,
Posted in how to save money
5 Responses to “I want to save some money in the bank, what is the best way to do it?”
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just give it to me, ill keep it safe
Edit: I think what you’re looking for is a CD account. The money wont be touched until the 2 years r up and u will earn interest.
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Most saving accounts now only earn 2% at the most, which is at least better than 0 %; just put loose change in a jar and once a week or month take it to the bank
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put it in a term deposit , they will give you a higher interest rate i suggest you oput it in for one year at a time two years in a row,
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If you want to save, just save your money and don’t spend it. Simple.
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Try to observe daily on which things you spend money you don’t really need.
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