Savings account and CD's?

I want to have a savings account but I dont know which one to get. What would you guys recommend is the best out there? Also who has a good credit card offer out there? And how about CD%26#039;s, i just heard of them, what would be a good one.

im already doing research, but i want to know from any of you who have had personal experience with this. thank you.

Savings account and CD%26#039;s?rate my professor

Savings accounts generate almost no interest. Many people keep money in savings for emergency expenses, but I keep an unused credit card for that. CD%26#039;s are safe, generate a fair interest rate, but your money is tied up a long time. Do some research on mutual funds.

As far as a credit card, get a MasterCard or VISA. They have no annual fee. And, if you pay them off in full every month, the interest is zero. American Express cards have certain perks (like, frequent flyer miles), but there%26#039;s an annual fee of about $150 and they%26#039;re not accepted in as many places as MC%26#039;s or VISAs.

Savings account and CD%26#039;s?

loan

www.GMACBank.com

www.EverBank.com|||Citibank offers great CD rates, but their credit cards I wouldn%26#039;t recommend them. Also, their savings account rate are above 4.00%. Oh, and if you don%26#039;t want to die from a heart attack, i recommend you stay away from Bank of America.|||I like www.HSBCDirect.com for a savings account. They offer 5.05% and are a very reputibale bank. But i do know that www.eloans.com offers 5.25% on savings and 5.60 on CD%26#039;s. I have a friend that has am www.etrade.com savings account that gets 5.05% and she really likes it. It seems to be a little more user friendly as far as signing into your account goes. But, i don%26#039;t mind the added security that HSBC as. Over all i just definately recommend and on-line savings account because of the better interest rates they can offer. And as far as credit cards go if you have a good credit score I think that you definately want to go for one that offers points towards something you like (ie, airlines, hotels, cabela%26#039;s, etc.) or one that offers cash back such as Discover.|||There%26#039;s no simplified best, but keep in mind the following...

Savings accounts:

For savings accounts, they are less frequently withdrawn from than checking accounts (perhaps once every month at most). They%26#039;re more liquid, and offer a very negligable amount of interest usually around 1%. Savings accounts should be used for things like unexpected car maintenance, etc.

CDs:

If you don%26#039;t plan on using the money, or have enough in the savings to cover unexpected expenses and occurences then invest the money in a CD. CDs are federally insured no risk SAVING VESSELS, they%26#039;re not really an investment because interest rates while much higher than savings accounts are still considerably low, and really don%26#039;t do much more than counter yearly inflation and add a few extra dollars on top of that. So if you want your money to be about the same value a year from now or so, then put it in a CD not a savings account. Savings account will actually devalue your money if you don%26#039;t use it.

Credit Cards:

Don%26#039;t bother looking at credit card interest rates, if you%26#039;re concerned about that then you don%26#039;t need a credit card. Interest rates on credit cards only come into play if you aren%26#039;t responsible enough to pay off the bill each month in full, and in that case you shouldn%26#039;t use a credit card. Just look for good benefits in credit cards such as airline miles, rewards, etc.

I hope this knowledge will shed light on your financial decision making, and guide you to a sound choice.|||Again, may I suggest WAMU: Washington Mutual Bank. I love there :no fees%26quot;, an they do have CDs.

But Neither savings nor CDs will pay very much. If you are just starting out, which it sounds like, then choose a CD in the six months range. They are currently paying about 4.5-5% per annual. So in six months you will make on $500, about $12. Savings are even worse: most pay 2% maybe three% about $5-$6 in six months.

Please be aware that banks love the phrase %26quot;High interest%26quot; when it is in the neighborhood of 4.75%. That really is poor,