Where should I save money?

I put aside money every month after funding my retirement accounts. This money isn't for anything in particular, just to have money around when I need it - in addition to my emergency fund. What are thoughts on the best means to save this money? CD, Money Market, Bonds, etc. It isn't long or short term saving...it is simply saving. My concern with the bank is that they really don't keep up with inflation. My concern with CDs is that they aren't easily accessible.

Public Comments

1. sock drawer
2. in a bank. savings account
3. in the bank you dumb hoe <3
4. dishwasher
5. in your mail box :)
6. For some reason you will hear on MSNBC that stocks are on fire sale. This simply IS NOT TRUE. The market still has a good 20% more to go down until this October. Unemployment could hit 10% and we are about to face a nasty credit crunch coupled with retail store closings later this year. Buy CD's nothing else. NOW. Buy them through a discount broker in case you want to sell the cd you won't get ripped off with penalties. Pay off your mortgage if you haven't yet. Call Charles Schwab. They are not like "local" banks. Give them a call. Call Fidelity Investments if you have a bit more money. Schwab 1,000 to open an account. /
7. save it in ur house.i save mine in my draw where i out lots of stuff especially in a shoebox in mah draw.and i put my money in envelopes under the shoebox.no one eva find it
8. Put it into an IRA. I'd get more info at Fidelity.com I've had really good luck with them over the years and so have my parents.
9. Put it in a GIC i made a few hundred in a month from it, but you can choose how long its in the GIC for. Like a year, 5 years, etc. Its the best thing I have ever done with my money.
10. Save In In A Secret Place Nobody Knows Of Only You Know It Dont Save It in a bank cuz the government with take 3.00 each month out of it
11. BANK OF AMERICA, AND HUDSON VALLEY ARE TWO OF THE TOP DOGS, AND R VERY STURDY, ONE OF THOSE TWO IS A GREAT PLACE TO SAVE YOUR MONEY, HUDSON IS PRIVATELY OWNED.
12. Since you can't define what it's for or for what time horizon it's for, I'd say one of the online banks that pay a good interest rate. As long as it's FDIC insured, you'll be OK. Several are paying over 3% these days. UPDATE: Believe it or not, we've had wild swings with inflation and deflation this last year, mostly in energy. But when you average all out, over the last 12 months we've had about 1% inflation.
13. you know what i do? for example im saving for a motorbike right now. i have a secret place under some books of mine where i keep extra cash. I know its not producing any extra money but i can easily add some extra cash if i dont need it. I tell you you will save cash more quickly that way if u dont touch it but just add extra as often as posible. works for me. 180€ in 2 weeks i havent felt the loss at all :)
14. If you put it in a CD the money is no longer an liquid asset. It is in holding until it matures. It has a APR that is fixed for the term of the agreed time. If you put it in a Money Market, it is like you are putting pennies into different stocks that are much more than worth a penny. This is a good option because you can take your money out any time you want. If you put it in a Bond, the money is still a liquid asset but you have the chance of making less than the printed value of the bond. It also has a time that you must wait until you can get full market value of the bond. The only good thing about bonds, is that they can be used for education at the full market value of the bond. This can reduce an education bill for a family member. If you put it in Stocks, you have to watch your stock and make sure that the buy and sell amount you set before you purchased the stock is already determined. You must figure out the high selling number and the low selling number. You don't want to purchase until you have figured out these. If you put it into savings, it has the least risk but the lowest profit gain. This one you can put and pull money in and out at any given time. It depends on when you plan to use your money and how much risk you want to take. But I am sure with this information you will find something that you could put your money into.
15. Vanguard Prime Money market is one of the highest yielding because they have the lowest expenses. Like other money market funds, they invest in government t bills and other short term high quality investments. You can get check writing but the minimum amount to write checks for is $250. Today's SEC yield is 2.21%. The fund has $106 Billion in assets and has a .28% expense ratio (very low). Average quality of holdings Aa1. (very good). Visit their website or call them to open an account. PS. I see other answers implying that there are stocks in money markets. There are not. And no short term safe investment will keep up with inflation. That's why people buy stocks.
16. Precious Metals