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Friday, 19 September 2014

Safest Ways to Invest Money


Whether you have a little or a great amount of money to invest, you want to make sure it is a safe investment that can yield a return. There are a number of ways to invest your money safely and make sure that the investment serves you well.

Open a savings account with your local bank or credit union. Savings accounts are the safest form of investing. Select a bank with the highest rate of return for your money. Rate of return is the amount of money you can earn over a period of time. Banks also offer bonds and certificates of deposit that work much in the same way.

Invest in municipal bonds. Local governments issue municipal bonds to build highways, schools and public projects. All money is returned to the investor on a specific date with accrued interest applied for use of the money.

Invest in U.S. bonds. U.S. bonds, also known as Ibonds, are inflation indexed savings bonds issued by the government. An investor can invest in denominations as low as $50 or as high as $10,000. In return for using an investor's money, the government makes a return on the money on a designated maturity date with interest. Tax benefits are available and accrued interest is exempt from tax.

Related Post:
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The Top Three Best Ways to Invest Money

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