A solid personal financial position is generally gained only through hard work and diligent savings that grow over time with additional deposits and the addition of interest that is earned on those funds. Not all savings instruments are created alike, however, and understanding the best place to deposit one’s money will help ensure that saving deposits remain secure and grow into a handsome sum over time. These steps are offered to help all savers choose the best accounts for their deposits.1. First, determine the purpose and time frame for which the funds will be needed. Deposits that will eventually go toward expenses that do not need to be covered for ten years or more can be placed in riskier savings instruments than those funds that are going to be needed much earlier. With greater ri