Money Market Accounts
An interest-bearing account at a bank or credit union is sometimes referred to as Money Market Account. Money Market Account is a financial product that yields a higher interest rate than a saving account. An initial deposit is required to open a Money Market Account and has to maintain the minimum balance to be active or bank charges may be levied. Investment in Money Market Account is suitable for those investors who want to invest for a shorter term period for a specific purpose to earn a higher rate of return. A Money Market Account is an interest-bearing account at a bank or credit union.
Top 10 Best Investment Options in India 2023
The term ‘Finance’, which seems to be complicated to many youngsters is actually very easy to understand. It is nothing but a way someone manages his/her money in such a manner that all the expenditures are met without actually draining out the whole amount. Financial experts technically define Finance as a system of creating, managing, and investing money with a motive to make the best use of the available resources.
It’s important for oneself to set future goals. Finance is a lifeblood of a modern economy and therefore, to fulfill any goal, a person needs money. This fact of life bounds you to set your goals in terms of finance. It is, therefore, important to have some future financial goals to accelerate the saving and channelising the same to earn out of it.
Investment is pooling off money to gain more benefits after a specific period. It is a technique to increase the capital employed after a specific time. Investment is the placement of capital in the expectation of deriving income or profit from its use or appreciation.
These are the Top 10 Best Investment Opportunities
1. Real Estate Property
2. Public Provident Fund(PPF)
3. Mutual Fund
4. Stocks/Equities
5. Bonds
6. Certificate of Deposits
7. National Pension Scheme(NPS)
8. Money Market Accounts
9. National Saving Certificate
10. Post Office Monthly Saving Scheme