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What is Better Than Saving Accounts?
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[QUOTE="Jasmine, post: 258088, member: 49159"] For a lot of people saving money means saving money in interest bearing bank accounts. Depending on their country’s policy, banks’ interest they can receive 1-5 percent interest in saving accounts. Fixed deposit account is better than a normal saving account because you can receive better interest rates but you need to lock your funds for certain time period. Security Bonds: Security bonds are issued by the central banks or any other government instructions and provide a good interest rates on security deposits. This is better than saving in commercial banks. Government’s Treasury Bills: This are bills are issued by government and public can buy for minimum 12 months period and receive return on investment. Mutual Funds: Return on investment on mutual funds is better than saving in banks, even the fixed deposit accounts, and less riskier than investing in the stock market. Gold: When you save money in banks the value of money can go down due to inflation, however, gold can b a better option. [/QUOTE]
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What is Better Than Saving Accounts?
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