Money Havens

Never before have Americans faced such an array of savings choices.

Some of the options:

The Mattress. Keeping cash at home ensures that it will always be close at hand and safe, assuming that it is protected from theft and fire. Disadvantage: at current rates of inflation, the money will lose about 10% in value each year.

Savings Account. Money deposited in a savings account can be easily withdrawn at any time and is insured by the Federal Government for up to $100,000. Disadvantage: the interest is a low 5.25% at a bank or 5.5% at a savings and loan or savings bank.

Savings Certificates....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!