Wednesday, January 20, 2010

Interest Accounts What Is The Best Way To Save Money For Your Kids' Future College? Ie. High Interest Accounts?

What is the best way to save money for your kids' future college? ie. High Interest Accounts? - interest accounts

I've just finished my first child and wanted to start a college fund for him. I know that some savings accounts to pay now for more than 3%, but wondered whether there's a better place to spend money on anything that can arouse the most interest will be paid. Thanks

1 comment:

Serapis said...

A long-term CDs are better paid than savings accounts. The fund or index fund would be a good investment of money, if you often enough at first. Remember that the major long-term trend is bullish.

Also, look into your state plan 529th They also have tax benefits associated with them.
http://www.savingforcollege.com/

Post a Comment