What is the best way for me to protect and save a fairly large sum of money that I have saved over the past few years while I have not been employed?
"Protect and save" says you want little risk, so investments are out. The simple answer is to deposit it in a high yield deposit account such as a certificate of deposit at an insured institution. In today's rate environment though, your income from your savings will be minimal. Risk and reward are related, so your desire for protection is met and you can save it, but it won't grow very fast.
Published on BankingQuestions.com 2/14/08
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"Protect and save" says you want little risk, so investments are out. The simple answer is to 