I recently found out that my mom has about $60K in a typical savings account at her bank. I know she wants to keep it available for use in case of an emergency, but is there some way she can invest this in a manner where she can make more than the pittance of an interest rate that most major banks offer, but still have immediate access to it if necessary?
I'm not trying to pad any kind of theoretical inheritance, I would just like to help her make some money off of what she has to make her life more comfortable.
I'll hang up and listen, I just figured I would get more honest advice here than if I just googled and ended up with links to opportunities that may not be the best for her.
Thanks folks.
I'm not trying to pad any kind of theoretical inheritance, I would just like to help her make some money off of what she has to make her life more comfortable.
I'll hang up and listen, I just figured I would get more honest advice here than if I just googled and ended up with links to opportunities that may not be the best for her.
Thanks folks.