I would like to know what kind of savings is better?
138308
There's no "better" or "worse"; just varying levels of risk.  Put what you can afford to lose in higher risk accounts, because...it IS higher risk, and it's possible (although not likely) that you could lose all of it.
142039
Go with a 529.  Great tax advantages.  You can then pick from a ton of investment choices to place inside of the 529.  For more info - http://www.529s.com
1071060
I'm not sure about your question--which is better?\n\nWhen you have a mortgage, early on the bulk of the payments are interest, and you can deduct that amount on  your income tax.  A good deal.
1105496
i think ING has a high yeild savings account that pays like 5%.  look into that
311039
This is a vague question.  What do you mean when you say what is the best.  If you mean safest, most have insurance guarding you on your investments if the financial service and/or trust company were to go bankrupt.  If you mean, honest, depends on what you are looking for.  Are you interested in one of these places to manage your money?  Manage your trust account?  \n\nIf you can be more specific, I will help you. \n\nGood luck!
1154873
Do you live in a community property state? That makes a huge difference. I believe 401Ks are safe, but you ought to check in your state.
1020732
work, save and invest.  if you want money go to where the money is.
1014448
I have found the best way of saving.  I was able to put away approximately $8000 in 18 months.  Look for www.sharebuilder.com.  Its an investment site.  You can purchase stock for $4.00, no matter how much stock you buy.  Do some research.  I chose companies based on the products i use in my daily life.  I found it be fun to save and also enjoyed shopping for new stocks.  The dividends usually pay better than any savings account, so give it a try.  It worked for me.
903561
Buy a $1,000 Series I Savings Bond.  It's also one of the safest ways to invest.
1143792
Well... using very simple math, that translates into about $125 pre-tax for every 1% of interest on the account. So, if you have a savings account with about 5% interest, you'd be looking at about $625 a month pre-tax income. Honestly? if you have that kind of money, there are plenty of safe investments to choose from that will give you a better return.
60699
It all depends on what you need from a bank. You can get more bang for your buck if you choose an individual bank for each banking need. A bank that gives you a good deal on free checking may not be able to give you a good savings rate.\n\nMyself, I have a Bank of America checking account ('free' with direct deposit, but I'm very happy with their bill pay program), a savings account with Emigrant Direct (4.25% APY), and I use credit cards from Citibank (excellent cash rewards).
275612
Learn how to save money and you'll be ok. Take a deep breath ... and let it out - you're free!
261488
Almost all savings accounts are monthly.  Maybe you are thinking about CDs.  If you are, then yes there are short-term CDs.  If you are looking for a short-term investment I would probably go with ING Direct.
212176
It depends on how long you plan to have you money lock by the investment. \n\n(1) For long-term, I would suggest bonds. In the past, bonds offer better rate for long-term. (However, this is not true recently.)\n(2) For short-term, CD is easier to liquidate (or the penalty of getting out of it could be smaller).
167568
honestly i would put it in a saving account preferable one with at least decent interest but all other options have certain holding times and certain rules and stuff. a savings account is the simplist. but props to you for saving your money you wont regret and you will need when you graduate or need a car i am 21 and i wish i had saved money when i was your age. congratulations on being so smart. you wont regret saving your money
612269
You should first make or get (probably better for you) a personal financial plan. It will consist (among other things) of an evaluation of your present situation, your plans, goals, demands and needs plus a risk profile determing what suits you best. Be sure NEVER to invest money that you cannot miss!
1080365
Regardless of your circumstances, opening a savings account would be the best option. Also, if your job offers a 401k plan, that is also a very good invsestment because depending on your employer's plan, they will usually match your investment. It's also a good thing to get a credit card or buy a car, so that you can build a good credit history, which is essential these days.