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Most people put their savings into an interest-earning account. These are the accounts where the risk of losing money can be very low. Many financial companies offer some high-risk investments that might generate a lot more profit than an average savings account. Although you may be able to get larger returns with such investments, the problem is that most trusted finance companies are hard to find. Besides, the idea behind savings is to allow the money to grow slowly with little or no added risk.

Still, do you want to move away from your average interest-generating savings account? and are searching for something more exciting? Maybe you are finding money management very difficult to handle. Well, don’t panic anymore. We have made a list of places where you can generate more money on your savings without having to worry about the safety issue.

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  • Money Market Deposit Accounts

Money market deposit accounts are usually offered by most banks. They typically demand a least opening deposit and balance, with a limited number of regular transactions. In contrast to other money market funds, money market deposit accounts are FDIC-insured which means they are much safer and more reliable. You may be required to pay expensive funds if the expected minimum balance is not maintained. In some cases, even if the maximum number of monthly transactions is surpassed. The accounts generally offer lower interest rates than certificates of deposit, but the cash is more convenient.

  • Bonds

A bond is a low risk debt investment. It is usually issued by companies, municipalities, states, and governments to support projects and designs. When a person purchases a bond, he or she is lending money to one of these institutions. They are mostly called the issuers. In exchange for the loan money, the bond issuer gives interest for the life of the bond and yields the face value of the bond at development. Bonds are issued for a particular period at a set interest rate.

All of these bond types involve many different types of risks, returns, and maturity periods. In addition, fines may be imposed for immediate withdrawal, payments may be required, and depending on the type of bond, may bear additional risk, as with corporate bonds where a business could go bankrupt.

  • Treasury Notes

Treasury notes are offered with capabilities of two, three, five, seven, and in some cases even ten years. These earn a fixed rate of interest every few months. In addition to interest if bought at a discount treasury note can be cashed in for the face value at maturity. Mostly, Treasury Notes are available at the least purchase of a hundred dollars.

This is a good place to put your savings in.


Additional savings allow people to put away some money while earning simple, low risk returns. Due to the large diversity of savings means, a little research can go a long way in deciding which will work the best for you and which won’t. Also, since the interest rates are constantly changing, it is important to do a proper investigation before entrusting your money to a particular savings account.