Im a poor uni student :( kind of stuck on study
Is there any knid of way i can invest my $1000 dollor, so i can receve return for the investment??
I know that saving rate is quite high 8 somthing percent, but $1000 is bit less for saving
Thanks for your comment :)
It really depends on when you want your money back. If you are prepared for long term saving (10 years +) with regular contributions then look into investing in shares.
If it is a one off $1000 then a savings account would be your best option.
OT: When I was in Uni I applied for an interest free overdraft for $2000 through ASB and put this in my Serious Saver account. Nice way to earn some money from the bank*.
*A monthly Overdraft Facility fee of $2.00 or 0.12% of the limit (whichever is greater) applies. Service charges apply; refer to the ASB Guide to Fees.