Saving and Investing Options

Saving Options:

• Bank Accounts: Safe storage for money with low interest.
• Certificates of Deposit (CDs): Higher interest than regular savings accounts but require leaving funds untouched for a set period.

Investing Options:

• Stocks: Ownership in companies, offering potential gains if the company’s value increases but with higher risk.
• Bonds: Loans to companies or governments, offering steady interest payments.
• Mutual Funds: Pooled investments in a diversified mix of assets, reducing individual risk.