Yet Another Savings Question
November 9, 2007 10:18 AM Subscribe
How can I maximize
my savings for a trip I'm planning for 2009?
posted by sprocket87 to Work & Money (6 answers total) 6 users marked this as a favorite
The wife and I are potentially going to Africa in late 2009. I've got an HSBC Direct savings account (currently 4.5%), the contents of which I'm allocating toward this trip. There's currently just over $3000 in the account, and I add $75 every week. That'll grow pretty quickly, but I'd like to know what options are available for maximizing my return. Since the trip won't be for another 2 years, I figure I can make those funds relatively illiquid if it means a higher return.
So what options are there? Obviously nothing that would be considered a "risky" investment, as I want to ensure I have a secure savings accrued come 2009. But I'd like to have something that grows even marginally faster than inflation, eh?