Evaluating Investment Alternatives
Savings accounts are a great way to keep your money safe and to earn a small amount of interest. But when it comes to investing your money for the long term there are better options than a standard savings account.
In this activity, you’ll learn about the differences between a savings account, a mutual fund, and other types of investment accounts. By calculating interest for these different accounts, you’ll get a better idea of which accounts might be best for you now and in the future.
Brought to you by the University of Nebraska-Lincoln 4-H Extension. Funding support provided by Charles Schwab Foundation and its Founder. No endorsement by 4-H is implied or intended. 4-H is the youth development program for our nation’s cooperative extension system.