Investing $1000?

i live in London Ontario..... and i was wondering which bank has the highest interest rate for investing $1000 for 1-5 years

Investing $1000?annual credit report

Saw a couple ads from TD bank offering mutual funds that offer an average ROI of 10-15%/year for 1 to 5 year terms.

This is if you%26#039;re willing to keep your money in the bank and not touch it for those 1 to 5 year terms.

OR

You can open an ING direct account. They give you a 13$? signup bonus and offer a 3 to 4% annual interest rate. The good thing about this is you can take out your money ANY TIME you want without penalty.

OR

You can buy bonds. All the major banks and government of canada offer a range of 3 to 7% a year. You cant touch your money but at least you%26#039;ll get regular interest payment checks.

Investing $1000?

loan

I wouldn%26#039;t recommend putting that money in the bank. Some banks give you an interest rate of around 2.5%.

That doesn%26#039;t even beat inflation. You are better off investing in in the stock market.