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Special report

'Super size' your savings

With savings yields in the tank, it pays to be extra careful when choosing the best savings vehicle to meet your needs. Here are some strategies for boosting your earnings power.

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Rev up the CDs

Beat rate cycles and take advantage of interest rates spread over several maturities by laddering your CD portfolio.
Plus: CD-laddering calculator
Also: CDs vs. money market accounts

 
Stay safe with bonds
Get a good return and keep your investment liquid with bills, notes, bonds and savings bonds.
 

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Best way to save for college
Start setting money aside and pick from the big four in college savings programs for your child's education fund.
Plus: What will it take to save for a college education?
 
Use savings to reduce your tax bill
Saving money for retirement offers long-term and short-term tax advantages.
 
Build your emergency fund

Sock away three to six months' worth of living expenses for a financial cushion in case of an unexpected expense.
Plus: 15 simple ways to build a savings account
Also: Emergency fund yields


 
-- Updated: Dec. 7, 2004
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See Also
10 things your banker won't tell you
A roundup of college savings accounts
Small change plays a big role in achieving your savings dreams

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