Where's the best place to save money?

Question

I am saving money to start my own business, in about 5 years. I would like an account or something that I can add more money to and hopefully get the most interest. What is my best bet for that amount of time and the situation?

What are tax-free options?

Answer 1

in a savings account

Answer 2

I would say ING.com.  They pay a great interest rate and its easy to use their web site.  I wouldn't recommend stocks or CD's right now.  Individual stocks are still to risky and cd rates are very low. MUNI-bonds might be a good option.  Good Luck with opening your business.