What is the best investment plan at a bank starting with only 100.00?

or any type of financial institute you may know of

There are lots of mutual funds that will take $100 to get you started. So a search in Yahoo Finance or MSN for funds that start with a min investment of $100. I have been an investment advisor for over 23 years.

Savings account, if you can find a bank that will start one with just $100. You do not have enough money to 'start investing', but you have enough to 'start saving'. Eventually, you will have enough to invest (generally $1000 to $2500 to open an investment in a stock mutual fund).

Best wishes and keep saving - it feels great to watch your savings grow!

If you are a student, many banks have special accounts for people like you. Sometimes, $100 is enough to open a savings account. Once you accumulate more than $1,000 you can start thinking about investing in mutual funds. Most large asset management companies require at least $2,500 but if you look around (try smartmoney.com or yahoo finance) you can definitely find funds that will take $1,000. I personally would not invest in any mutual fund that takes less - the fund's administrative costs of accepting small deposits will really eat into your investment returns.

If you feel that you have a reasonably decent understanding of the stock market and the economy - or know someone who does - you can consider making direct investments in stock of public companies without using the broker. These investment vehicles are called Divident Reinvestment Plans (DRIPs) and many large, stable, corporations run their own. Do some research on the web and you will find plenty of information. If all else fails, call the companies' shareholder relations departments and ask. Trust me, they will be happy to help you out. Many people do not know about this because no one really has any vested interest in promoting them - there is no money in it for the banks or the brokers.

You need to keep in mind that it may take up to 20 days for you to get your money back, once you decide to sell your shares. Investing in companies with volatile stock prices would definitely be a bad idea. Pick something safe with high dividends and plan to hold it at least 9-12 months.

When I did this in college, I was able to invest as little as $300 per company without running into any problems. You generally need a checking account at a bank in order to do this with lowest costs possible, but a money order usually works too.

I suggest you to keep saving until you have $500 and then you can open a brokerage account at scottrade.com

I know a Company currently oferring 9.60% per year if you are interested drop me a line.

In your case that would be $9.60 after a year.

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