Best

'Anybody can earn money, it's the savings and investments that count', is a maxim  that has become more befitting in the modern world. In today’s  ephemeral , world investments and savings have become a buzzword in the modern world. Anybody can earn money but a wise person is the one who knows where to invest that earned money because there have been times when even the most richest person had died as a mendicant.

But the question is where to invest so as to reap maximum returns. Two things that you must look for before you invest somewhere are:-

• You should first identify the purpose of your investment i.e. whether you are looking for a long term investment or a short term investment.
• Are you willing to invest in risky areas?

One of the safest place to invest your money is a bank savings account. Yes you get paid just to keep your money in bank . A saving account offers you liquidity meaning that you could withdraw your money anytime you want. Different banks offer different interest rates ranging from 1.5% to 2.5 % . A bit of research is required to find the best one.  

One thing you must confirm before investing in a savings account is that the interest rate is fixed  because if the interest rates are not fixed and the market declines then so your interest rates .However it should not be considered as a long term investment as it offers lower interest rates.

Another option is to invest in bonds. A bonds pays you around 7 % interest rate for a period of 4 years. You could also look for buying Certificate of deposits. It is considered to be the safest place for investing money and could return you maximum interest in the range of  7 to 9 percent depending upon the timespan you invest your money .