I have saved up about $25,000 for school, which starts in September. I have it in a WaMu online savings account which had very high interest, but now the interest rates have plummeted so that I am barely making anything anymore. It went from getting $50 a month on $10,000 to making $17 this month on 25k. :( Where should I put my money where it will be safe, easily accessible in a fairly short term, and yet with as high of an interest return as possible. I also need to be able to continue to input money into the account every month when I get my paycheck. PS: I am planning to take loans if they are interest free and hold off paying them until I can't defer any longer. But when I quit my job, I will need to start withdrawing money for daily living expenses.
posted by brenton on Mar 13, 2009 - 21 answers

Should I choose a private student loan based on the 1-month LIBOR or the Prime Rate? [more inside]
posted by Asherah on Apr 8, 2008 - 4 answers

I have just spent the afternoon watching stocks around the world decline partially based on sub prime market fallout. My question is how can things be so great when the Fed is handing out stacks of cash to keep things stable (34 Billion USD and counting, not including the international bail out)?
posted by Funmonkey1 on Aug 10, 2007 - 25 answers

Economist filter: How exactly does the fed set interest rates? [more inside]
posted by BigBrownBear on Jun 29, 2007 - 9 answers

Interest rates and Inflation, does anyone actually understand it? [more inside]
posted by complience on Mar 21, 2007 - 26 answers

What is the best thing to do with a small amount of money, around $5,000? Savings interest is almost a joke, CDs look attractive or maybe even mutual funds. Preferably the safer the better, as in investing it all in a high-risk mutual fund and losing it would make me cry. I've checked out "Investment FAQ" and it seems as if CDs are the best. I know little about investing but making money doing nothing intrigues me. What would be an expected return on such an investment? Is it even worth locking the money up for something like $10 a month? [more inside]
posted by geoff. on Mar 3, 2004 - 19 answers