CP asked:
So I recently came into about $2,500 dollars thanks to the selling of some family stock. I am in the process of trying to figure out what way to save this money up for a trip next year. Next July I will be heading off to Asia (South Korea and Thailand) for 6-12 months to teach english. I do not need this money right now, but I want to put it in a high interest account where I can earn some money on my money while I am still here in the US. I do not know which route to go. I am planning on using this money to purchase my ticket and whatnot next May or so. What is the best type of account to put my money in so that I can get the max return possible with the least amount of worry. I do not really want to get caught up in the buy/sell game of the stock market, plus I could loose this money. I am just looking for the best way possible to get the highest yield. Any help would be great!! Thanks!!
Also, I forgot to mention, I am looking to add alteast $200 a month of additional money that I am earning from working. What is the best account that I can get the most interest on even if I am adding additional money every month. Is this possible to do??
DOROTHY
