1. Best Way to Save $2000? By: Diana Olshevskaya, Matt Stahl, Brannon Montanez,

2. Different Investment Options Savings Account: Savings accounts provide security for your money and some interest rate. Its generally money you don't intend to use for daily expenses. Sometimes there are extra fees as well as limited transactions. Generally they seem to have low interest rates. They should not be used for long term holding periods Certificate of Deposit (CD): Certificate of deposits tie up your invested money in a bank for a set duration of time. Times can range from three months to more than six years. Generally the longer you hold your money in a CD, the higher interest rate they offer you. Rates of return are higher than most investments. Keep in mind though that, you can get penalized if money is removed earlier. Money Market Account: This is a deposit account offered by banks. It is for short term borrowing and lending (several days to a year) It is insured by the federal government and has a lower interest rate than most investments. It's considered to be very liquid (easy for investor to get money out of the investment) and safe. There are however limited transactions, and you must maintain a certain balance to receive a higher rate of interest Individual Retirement Fund (IRA): This is a retirement plan that is tax deferred. It is so people can set aside money for their retirements each year. Interest rates are relatively high compared to other accounts. There are however restrictions on how much you can deposit in a year and the age until you can invest.

3. What to Consider when Choosing an Account? How long do you want to invest for? Do you want your money to be liquid? (easy to take out or put back in) Do you want to use the money in the account a lot? - day to day use Do you meet the age guidelines? Can you maintain a constant balance in your account? Do you need to borrow money? (money market account can do so) How much do you want to invest? (some have restrictions on how much you can deposit in a year such as IRA) How rich do you think you will be in a few years (IRA have to pay tax on way out)

4. Bank of America Vs. Security Service Vs. Chase Security Service and Chase both have the best savings accounts (same) Chase and Security Service Savings Account Compounded: annually Interest:.01% It will take 6,931.818373 years to double

5. Bank of America Vs. Security Service Vs. Chase Chase has the best certificate of deposit Chase Certificate of Deposit (CD) Compounded annually Interest Rate: 12 month=.20% 18 month=.25% 24 month=.40% 36 month=.50% It will take 138.9757216 years to double

6. Bank of America Vs. Security Service Vs. Chase Chase has the best individual retirement account Chase Individual Retirement Fund (IRA) Compounded annually Interest rate: 6% It will take 11.89566105 years to double

7. Bank of America Vs. Security Service Vs. Chase Security Service has the best money market account Security Service Money Market Compounded annually Interest Rate:.3% It will take 231.3954607 years to double

8. Graph

9. Closer look Interactive Graph

10. Interest Vs. No Interest Only on the 27th month (2.25 years) we would reach $10,000. We also would only on the 27h month (2.25 years) reach $10,000. SafeSavings Account In the savings account we had $2.27 more on the 27th month. In the end, the savings account would be better, however, it is only a small increase.

11. Sources "Annual Percentage Yield - APY." Investopedia. Web. 01 Mar. 2012.. "APR and APY: Why Your Bank Hopes You Can't Tell The Difference." Investopedia. Web. 01 Mar. 2012.. "Certificate Of Deposit - CD." Investopedia. Web. 01 Mar. 2012.. "Compound Interest." Investopedia. Web. 01 Mar. 2012.. "Individual Retirement Account - IRA." Investopedia. Web. 01 Mar. 2012.. "IRA." What Is ? Definition and Meaning. Web. 01 Mar. 2012.. "Liquidity." Investopedia. Web. 01 Mar. 2012.. "Money Market Account." Investopedia. Web. 01 Mar. 2012.. "Money Market Account." What Is ? Definition and Meaning. Web. 01 Mar. 2012.. "Money Market." Investopedia. Web. 01 Mar. 2012.. "Savings Account." Investopedia. Web. 01 Mar. 2012.. "Tutorial: The Money Market." Investopedia. Web. 01 Mar. 2012..