Saving accounts/CD

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Wrong pic sorry

Savings account is never meant to be an account if you are trying to live on interest. It's supposed to be an account you can easily draw out of incase you need extra money thst you don't have in your checking account .

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>>36987162
CDs are a meme now. If you want a non-stock market option than go with bonds but be prepared not to touch your money for 20 years. If you want more freedom than find a decent mutual fund to invest in.

>disclaimer: I'm a retarded kid who knows absolutely nothing about money and makes like 20k a year

I've been using prosper.com to try and get into investing. As a poor fag it was attractive because there's no fees whatsoever and you can make investments as small as $25.

It's a peer-2-peer loan site btw

>>36987162
you aren't going to get a great interest rate when you can freely take out money whenever you want

also this isn't very /biz/ related

How do I get started in finance shit /fit/

>>36987430
>>36987162
http://www.investopedia.com/university/beginner/

tl;dr If you're working for an employer that does some amount of matching, then diversify it across their mutual fund choices because chances are you're not a financial professional nor do you have the unlimited free time to execute trades while the markets are open

>>36987430
Mr. Money Mustache.

>>36987175
pretty sure ally is 1.0x% right now

What is wrong with American banks? I get 4.5% interest in my basic savings account and 5.7% in my 'term saver'. No risk. Biggest banks in NZ.