I'm saving for a down payment on a house, what type of an account should I keep it in to gain interest?
403104
Capital One and ING offer the best high yield savings account.  There is no minimum, and there are no fees to maintain.  I just opened one up with Capital One, and there interest rates are 4.25%.  You're not going to find much better than that.  With both of these accounts, you can have them linked to your checking account.
658160
With a savings account you can earn interest.\nBut its always good to put some of your money away so you have something to fall back on if there is an emergency.  \nSaving your money will make you feel more finacially secure.
960000
cosigner or large enough down payment
780090
If you have 5-10,000 dollars then the money market deal is good mentioned above. But if you're like most of us that have a grand or less, you want to look into online banks for the best interest. These are a little scary because you can't walk into them and if you want to tak out money, it takes a day or two, but they pay the best interest. Check this link to compare interest rates. Good luck!\n\nhttp://www.bankrate.com/brm/news/chk/20001002j.asp
113083
If you keep the money it's capitol gains.  If you buy another house or put it into certain accounts that give you a break it's not capitol gains anymore.  You'll need an accountant though because lots of this depends on your income and everything else involved.
808200
You already have several answers suggestion a Roth IRA.  That is an excellent choice, but only if you will not be needing the money until 59 1/2.  It is a retirement account.  There are some exceptions.   You should place some of the 10k where you can get to it in an emergency, maybe 3k.  It is always a good idea to have some cash available.  ING has internet savings accounts that pay 5% with direct transfer to your checking account.  \n\nYou are young so you can afford to be a little aggressive with your money in the hopes that it will yield a very good return over the long term.  Assuming that you would invest 7k,  separate it into 3 about equal piles and invest 1 part in small cap stocks.  Royce Funds has a great selection of them and a terrific track record yielding  about 13% annually over the long term.  1 part in a value stock fund.  There is a decent index fund that is a value fund--EFV.  It has done extremely well so far with a 30% annual return.  But do not expect that to continue.  10 to 12% would be an excellent return.   The last part in a growth stock index fund or mutual fund.  FXI would fall into that category.  It is a China index fund.  Up about 38%  this year.
227945
get a 7/1 interest only ARM product. if you are planning on staying for 5 years, get the extra 2 year buffer. depending on your tax bracket, you may also want to buy down your interest rate. you can tax deduct it now and benifit by a lower payment.\n\ngood luck,\n\namir
1152490
Insted of keeping money in Capital gain bonds or in some other tax savings bonds,   Buy some property (A house or a flat).  That will give you better return and on the other you can save capital gains.  Consult your C.A.
502001
Think a repayment type is best\nI usually choose a tracker\nit has variable interest rate that is fixed 1 or 2 percentage points above bank of england base rate
963593
The rate of interest will vary according to the type of account.\n\nIf you want instant access you will get a low rate. If you give notice (30/60/90 days) the rate will be higher. If you are able to tie the money up (1 year/2 year or more bonds) the rate will be even higher. This is due to the provider being able to to use the money to get higher returns if it knows it will be with them for longer. If you are a tax payer be sure to ask for the net rate (tax paid).\n\nRates can also vary by the amount invested i.e tiered so that a higher balance earns more than a low balance.\n\nIf you don't have an ISA, then these are usually higher rates than standard accounts and tax free. There are restrictions on the amount that can be invested though.\n\nAlliance and Leicester have just introduced a 12.0% regular saver account. This is the highest rate on the high street for regular savings between £10 and £250 per month.\n\nBeware though, if you pay in £50pm then you will earn interest on £50 in month one (1/12 X £50 X 12% = £0.50). The interest will get more as the months progress as it is calculated daily. You may be better off paying in the full £600 into an ISA.\n\nHope this helps.
956891
You need a checking account to write checks on to pay your bills.  You need a savings account to put away funds for your future.  The checking account will pay little or no interest on the funds you leave in it.  The savings account will pay a better interest rate of the funds in it.  You should have both kinds of accounts.  Use the checking account to pay bills.  Use the savings account to begin your pursuit of economic independence.  Try to put away ten percent of your take-home pay into the savings account.  Also,try to put away all weird little monies you get such as a rebate on a purchase or  Christmas gift check from a relative into your savings account.  Over time you will probably exchange the savings account with a money market account...and likely branch out to certificates of deposit and mutual funds as you increase the balance in the money market account.
6576
Find a 12 month CD. If you can go without touching it for that while.. \n\nINGDirect and HSBC have 3.5-4% intrest savings accounts. May want to try those.\n\n* My opinion not intended as gospel for finacial risk, gains etc... Otherwise don't blame me if the market crashes or something esle happening.
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.
203166
The type of account you use makes little difference.  The most important thing is what kinds of "instruments" you put your money in.  "Instruments" are stocks, bonds, CDs, etc.\n\nYou should have a balance of stocks and bonds for your long term investments.  In my opinion, index funds are the way to go.\n\nLearn about the Couch Potato Portfolio and the Coffee House Portfolio at the second and third links.\n\nSend me your e-mail address and I can e-mail you a couple of short articles about these portfolios.  Click on my name and you'll get My Q&A page which shows how to contact me.
1013583
your debt to income and debt to asset ratios are going to be quite high and as such, the pricing you would get on a loan would be higher than you would like to pay. best thing is to pay off the 20% and build equity in your house that you can either leverage or use to buy into another property. also, your LTV on an investment prop would be about 75%, which means that you need to come to the table with at least 25% of the purchase price plus CC.
293152
a decent car would be first. then a house, odds and ends, and i would put the rest in a saving account to draw interest.
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