Savings account is a safe and sure way to build a corpus over time. The rates of interest are not staggering, but they are realistic all the same. With a savings account, you can save money for college education, maintain an emergency fund for unexpected expenses, and get overdraft protection related to checking account. Besides, you can also have ready …

Money market funds give you a chance to build a corpus through lower risk securities investment. This is a variation on the highly popular mutual funds. Risk associated with them is low as these do not come with a federal insurance. Typical investment in them relates to government securities, deposit certificate, company commercial papers, and other low-risk high liquidity securities. …