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Types of Investments



Once you’ve started to manage your spending and avoid financial pitfalls, you’ll probably begin to actually develop some savings. Then, you’ll want to start putting your money to work by investing. How you decide to do that can make all the difference in terms of how much money you end up having in the future. Click the links below to read more about each of the topics:

You may also want to check out the various Bank of America Resources to help you take control of your finances.

Savings Account

Savings AccountsYou may not realize it, but you may already be investing your money. That’s right, believe it or not, if you have a basic savings account, you are investing.

With a savings account, you’re putting money into the bank and receiving a little bit of interest. For the most part, interest rates on basic savings accounts aren’t very high, so you won’t earn a lot of extra money, but your investment is very safe, and you can get to your money quickly and easily. Find out more about savings accounts and how to manage them.

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Bank of America Resources





Bank of America has a number of resources that will help you as you begin to take control of your finances:

Investing

» How can I become a millionaire?
» How much of a difference will the rate make?
» How will taxes and inflation affect my savings?