But first, these are places where you will lose money:
The Bank:
Savings
But how would I deposit cash?
Money Market Accounts:
Money Market accounts are similar to savings accounts. They are FDIC insured and are bank-accessible. Although higher deposit minimums are usually required MMAs pay a slightly higher interest rate. And, MMAs limit the amounts of withdrawals a person can make. Such as online savings accounts, online MMA’s pay a higher interest rate than branches.