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If i leave money in a savings account, For 5 years. How do i start?

Discussion in 'Offline Marketing' started by 32852365, Jul 6, 2017.

  1. 32852365

    32852365 Newbie

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    Slightly confusing title i understand... I want to direct all my earnings into a savings account. When i turn 28 i will have profit. Although.. With the rates of interest in banks. Is this worth it?
     
  2. Gogol

    Gogol Jr. VIP Jr. VIP

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    banks give you probably.. like 4-9% interest depending on the lock in period, saving account type and the country you live in. Your country's inflation rate would be higher than that... not so profitable.
     
  3. 32852365

    32852365 Newbie

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    Thanks for the insight.
     
  4. Luco

    Luco Regular Member

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    if you wanna take a little risk invest in crypto, or, invest in gold. both methods are better than banks.
     
  5. JaxPozzy

    JaxPozzy Junior Member

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    Crypto is definitely a great option, if you can afford a risk.
     
  6. GuyWithWings

    GuyWithWings BANNED BANNED

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    Invest in bitcoins
     
  7. Topiano

    Topiano Jr. VIP Jr. VIP

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    Dont do crypo --
     
  8. Henry IV

    Henry IV Jr. VIP Jr. VIP

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    Essentially any safe investment will pay you a tiny percent of interest.

    If you invest in more esoteric things like fine wine you can "supposedly" get returns of 10% or more but naturally with more risk.

    Invest 75% in a safe savings account from a bank, then play with the rest in crazy gambling investments
     
  9. Jessica Ambos

    Jessica Ambos Newbie

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    It's not worth it. Interest rates in banks is very low. You can try a time deposit account but you won't be able to use the funds for a couple of years though. The rate of return is higher compared to a savings account because there's a pre-determined maturity date before you can touch it.
     
  10. Reni

    Reni Junior Member

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    No body.Do not invest in crypto.It is my opinon.To risk.You don't know if it goes up or down.In bank you know that you have 8%.
     
  11. proxygo

    proxygo Jr. VIP Jr. VIP

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    if its several million dollars the interest might buy u something nice
    if its 30$ ide get a paper round.