Quote:
Originally Posted by EEinNJ
Let's see- $379.50 at 5%= about 19 bucks a year. Which you will pay income tax on. And have an account to keep track of, stuff in the mail, etc. Then you have to watch the interest rate, make sure they don't start charging you fees, etc. For that much money, it's not worth the trouble. Why not just buy a few savings bonds?
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Hi,
That's what exactly the same thing that i did. Instead of buying all such paraphernalia, i invested in some saving bonds and i feel it is the best thing to do regarding saving as well as income generation point of view.
Regards
Mike
Fullerton Securities India