Some offers allow you to withdraw the initial deposit, but you lose the interest. Many banks and financial institutions offer a variety of money market accounts, which usually pay slightly higher interest rates than regular savings accounts. Money-market accounts often require higher initial deposits and average balances. These accounts allow instant access to your money, pay interest on your balance, and usually provide check-writing capabilities. They differ from CDs and savings accounts as they do not necessarily offer a fixed rate of return.
Some accounts provide private insurance.
These options offer you a good start on the road to investing, but you are probably thinking of a place where your money may grow a bit faster. In investing money, it is usually the higher the return, the greater the risk. Bonds give you a specified amount of return, either through fixed interest rates or by receiving the bond's face value at a certain date while buying it at a lower price. Independent rating agencies rate bonds according to their expected risks and return. Second, investors may want to receive dividend payments, that is, an annual payment to shareholders if the company's financial situation allows for it.