No. of Recommendations: 1
... an elderly neighbor of mine asked me what is the safest type of investment she should invest in that delivers the best returns ...

Generally, safety and high returns just don't go together. (In fact, I think the neighbor is experiencing some of that right now. The bank's return is miniscule, but it's absolutely safe.)

This, I believe, is the best you can do with a savings account

Another possibility is to look at CD's. The downside there is that the money is going to be tied up for some time. But it's safe.

These sites might be useful

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.