Money investment?

Hi, I have some money in the bank that has only 1% interest rate. Are there any good investment out there to increase the value of the money? I don%26#039;t know how to do stocks, but any other options that play save and don%26#039;t require too much time? Thanks

Money investment?commericial loan

If you are in the USA, you can buy some I Series Savings Bonds.

Money investment? loan

A money market account is a good first step.|||If you have more than 5,000 this is enough to invest in a mutual fund or ETF (exchange traded fund). But like you said you dont know stocks, but you can always contact any investment firm and they can get you started. But if you want to cash accessable and want something higher than 1% i would recommend paypal.com. if you have never used it. its a money transfer site linked with eBay. They have a money market fund that you can enroll in for just keeping your money there.. It is simple. sign up, verify the account (this takes a couple days) add money to the account. There should be a question about joining the money market fund. right now the return is at 3.99% this is down about 2% over the last year becuase slashing interest rates but 3.99 is 4 times better than 1%, almost. 4 times.|||Mutual Fund|||There are saving accounts earning around 4% to 4.13% on the internet (etrade is one of them). Mutual funds is a good start. It depends on your risk tolerance. If you can tolerate high risk than there are what are called stock index funds or if you don%26#039;t like a lot of risk there are U.S. bond funds and money market mutual funds. You can earn more money in most mutual funds over time than a savings account.

Question: is how much risk can you tolerate?

good luck|||An online savings account is great(i use emmigrantdirect) if you want to put it somewhere and make good interest and can pull some out if needed.It is hooked up to your checking account so you can transfer funds between accounts.|||There are some awesome super low risk investement options in investment grade life insurance. you can find out more at http://www.genwealthfinancial.com