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What is Better Than Saving Accounts?
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[QUOTE="Mika, post: 258164, member: 29399"] Investing is better than saving. In my home country, commercial banks offer up to 12 percent interest on fixed deposits, however, security bonds and treasury bills offer only 9-11 percent interest. Since commercial banks offer better interest rates, people are not interested in investing in security bonds and treasury bills. Security bonds and treasury bills might be better than normal saving accounts but they are certainly not better than foxed deposit bank accounts. In our country, mutual funds are said to be better than security bonds, treasury bills, and even foxed deposit bank accounts. The money you invested in mutual funds could yield up to a 22 percent interest rate over the period of 5 years. If you choose mutual funds managed by a trustworthy company (in our case most of the mutual funds are managed by banks and financial companies), mutual funds are better than saving accounts. Mutual funds are also less risky than the stock market. [/QUOTE]
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What is Better Than Saving Accounts?
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