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Personal Finance and Forex Share tips of the trade or ask questions regarding the best way to manage your personal accounts and savings. Where should you have your funds allocated in terms of liquidity, dollar leverage (against inflation) and retirement planning.

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Old 07-08-2008, 02:11 PM
ceiiiba ceiiiba is offline
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Savings account you can get money out of?

CDs, MMAs, IRAs, i dont really get it. But im looking for a safe savings account that has an interest rate higher than .10%, which is what i'm at now.

Im a minor, that makes things difficult. And i want to be able to take it out in around 3 months because im saving up to buy a car.
I have almost 2000 in the bank now.

any help would be appreciated.
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Old 07-08-2008, 02:11 PM
questionaire questionaire is offline
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If your a minor then it's probably in your parents name (the account) with your money in it. You can't take it out, only your parents can do that. But once your 18 you can take money out of it, but for now your parents have to agree to it so hopefully your on the same page as them. Also savings accounts give very low percentage interest nowadays.
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