Do you have savings in the bank and you want to multiply it with low risk? If YES, here are 50 best profitable things you can do with money sitting in the bank.

Smart investors cum business people know the importance of leveraging on money to build more wealth which is why they collect the highest amount of loans from the bank as against just saving their money in the bank. They know that saving their money in the bank is one of the dumbest things to do if indeed to want to remain wealthy.

As a matter of fact, one of the means of protecting your money from the government is to minimize the amount in your savings account per time. Running a savings account might add little interest on your money, but when there is inflation, the interests and some part of your savings can be wipe out. That is why saving your money in the bank is not considered to be one of the best approaches to take when you want to protect your money.

Don’t get me wrong, saving your money in the bank via the various saving packages is not a bad idea, especially if you don’t have any idea of what to do with the money or you are too afraid to take risks that businesses require.

There are indeed savings packages in some banks that can accrue good interest on your savings, especially fixed deposit but the fact remains that investing your money in the right business will give you far more you can get from saving the money in a bank.

As a matter of fact, some businesses can guarantee over a 100 % return on your investment (ROI). Having said that, if you have money in your bank, then here are some things to with the money that is just sitting in your bank account;

50 Best Profitable Things to Do With Money Sitting in the Bank

  1. Invest The Money in an Investment Club

There are loads of people out there who are too scared or lazy to invest. For such people, if they happen to find themselves in the midst of investment minded people, they will definitely buckle up. So if you are having money lying in the bank and you are looking for what to do with the money, then one of your options is to join an investment club and commit the money. It is one good way of multiplying your money especially if you are not good with starting and running a business of your own.

  1. Start a Money Lending Business

Another profitable business someone with money sitting in the bank should consider starting is a money lending business. If you have banking experience or any other related financial experience and you are looking towards becoming your own boss and earning more money as against allowing the money rest your bank account, then you should consider starting your own money lending business. One good thing about this type of business is that you can start on a small scale by lending money to family and friends and then grow it to a big and highly profitable venture.

  1. Invest in Bonds Online

Investing in bond online is another simple way of making money instead of allowing your money to just sit in the bank. If you want to invest in bonds online; the first thing that is expected of you is to have the required capital to invest.

You might want to save up to meet your desired capital, or you might want to pool the resources together via close family members and friends. The amount in question which you intend investing is up to you. Be sure you set a target and discipline yourself to save it up before launching out on your investment.

  1. Start Investing in Silver

If you have money sitting in your bank account, you can decide to invest in precious metals. You can start by researching if silver is indeed a good investment portfolio after considering the speculation that goes on in the trading floor.

If you are doubting whether to invest in silver or not, you must know that whenever the Stock Market crashes, and the central banks have to flood the markets with liquidity, that silver always fare better than other precious metals in the market including gold.

  1. Invest in Gold

Similar to investing in silver is investing in gold. From time immemorial till now; there has always been the demand for gold. This demand may not be so readily met within a short space of time because gold isn’t manufactured, but mined.

Therefore, over the years, experts have come to realize that the demand for gold might not plummet but rather would be on the increase because of its demand from nations whose thirst for gold is on the increase. You can be sure that as the demand for it increases, the price definitely would follow suit thereby giving investors profit.

  1. Start Investing in Penny Stock

Another viable thing you can do with your money that is sitting in the bank is to invest in penny stock. Penny Stocks are the stocks that are sold for less than a dollar in the stock market. It is sold at a cheap rate so as to facilitate quick selling and buying decisions from those buying and those selling.

Investors in the stock market can afford to take the risk to deal in Penny Stock since most often the money invested in it is not too much. But if you want to invest, keep in mind that Penny Stocks is highly volatile because of the high rate of speculation associated with it.

  1. Invest in Mutual Funds

If you have enough cash in the bank and you are thinking of what to do with it, then invest it in mutual fund. In simple terms, mutual funds is a pool of cash generated from various private investors with the same goal, interest and investment philosophy, for the sole aim of investing in stocks, bonds, assets, other securities and money market instruments.

The fund is managed by a professional fund manager on behalf of the investors. The good thing about mutual fund is that the investors are able to decide to sell their shares directly to the public just like every other company that is listed in the stock exchange.

  1. Invest in a Venture Capitalist Firm

Another thing to do with your money that is just sitting in the bank is to invest in a venture capitalist firm. The number of startups and small businesses across the globe is increasing by the day, so if you want to cash-in on this as an investor, then you are on the right track when you invest in venture capital firm. The fact still remains that you must be interested in the growth of small companies and young entrepreneurs if indeed you want to invest your money in a venture capital firm.

  1. Invest in Commodity Futures Market

If you have a lump sum of cash in the bank and don’t intend to use it immediately or you have a target date in the future that you intend using it or better yet if you are into commerce and you want to ensure that you get a certain product in a fixed price sometime in the future, one of the best ways to prevent depreciation of your money and to a larger extent increase the value is to invest in the Commodity Futures Market.

Although the commodity futures market is considered to be a complex, unstable and highly volatile because of uncertainties and the risk involved, its profit potential is unparalleled when you conduct your research and invest rightly. Commodity Futures is a contract agreement to buy a certain commodity at a certain price, and then sell the commodity at an agreed price within an agreed date in the future.

  1. Invest in Oil Stocks

Investing specifically in oil stocks is yet another viable thing you can do with your money that is sitting in your bank account. Although, in recent time, buying oil stock is becoming riskier because of the rapid fall of global oil prices; it has fallen more than 40 percent since 2014.

Despite the fall in oil prices, oil stocks still remain one of the most lucrative stocks to invest in because it has the capacity to bounce back like it has always done in time past. As a matter fact, the best time to invest in oil stocks is now; when the price of oil in the global market is on a decline.

There are no hard and fast rules about how you can successfully invest in oil stocks. If you are a rookie it will be to your best interest to consult a stock broker to guide you on how to invest. They know the right time and the right stock to buy that will yield you good returns on your investment.

  1. Invest in Emerging Markets

If you have enough money in your bank and you don’t know what to do with it, then one of your best options is to invest the money in an emerging market. Emerging markets are business opportunities available in developing countries; basically Africa happens to be the major destination for investors seeking to invest in emerging markets.

Countries like Brazil, China and Even Russia are also considered to be emerging markets because of the potential high growth of their economy et al. Please note that in as much as you stand the chance to get huge turnover on your investment within a short period of time in an emerging market, you also stand the chance to lose a great deal of your capital because of the potential risks involved in investing in emerging markets.

The growth rates of emerging markets are not even; it is unpredictable and the political risk is greater. As a matter of fact, a change of political status quo may result to change in economic policy and that might turn the tide against investors. That is why it is advisable to consider the volatility of emerging markets before investing in it.

  1. Invest in Foreign Markets

Investing in foreign markets is no doubt another good way to channel your money as against allowing it sit in your bank account. Before now, it used to be a Herculean task for small investors to invest in foreign markets, but that is no longer the case because there are investment vehicles now that help small investors to conveniently invest in foreign markets.

They can choose to invest in stocks in any country of their choice via a stock broker or they can choose to invest their money with a firm that professionally manage fund for their clients with bias for international markets.

In as much as it is a risky venture to invest in foreign markets, it is also a very profitable and rewarding venture if you get it right. The truth is that if you are equipped with the right business information, you can maximize your investment in the foreign market.

  1. Invest in Exchange Traded Fund (ETF)

Another means of making use of your money that is sitting in the bank is to invest in Exchange Traded Fund (ETF). Exchange Traded Fund is similar to mutual fund but one of the differences is that with ETF you can buy over the share of an existing share holder and you can as well sell your own share anytime you so desire. ETF is highly volatile when compared to mutual funds. With ETF, you can decide to buy stocks from a particular country or from all the countries in the world if you have the financial capacity to do so.

  1. Invest in American Depositary Receipts (ADRs)

Investing in American Depositary Receipts (ADRs) is yet another viable thing to do with your money that is laying in your bank. If you live in America, perhaps one of the best ways to launch into foreign markets is via American Depositary Receipts (ADRs).

American Depositary Receipts are securities that represent shares of foreign companies and they are traded in the United States of America and in Dollars for that matter. You can easily buy ADRs and sell them when you so desire. Just ensure that you have an experienced stock broker and you won’t have any challenge trading in ADRs. ADRs are traded in NYSE, NASDAQ and AMEX.

  1. Invest in Hedge Funds

Another means to invest your money that is just sitting in the bank is via hedge funds. Hedge fund is an offshore investment fund that is formed as private limited partnership that engages in speculations making use of credit or borrowed capital.

Hedge funds explore every available market and they make use of various investment strategies and financial instruments. One thing about hedge funds is that it can be very volatile; the risk involved is much so also the profit margin is much as well. As a matter of fact, hedge fund is one of the world’s top investment vehicles and you stand to get good returns on your investment annually if you invest in hedge funds.

  1. Invest in Certificate of Deposit (CDs)

Investing in Certificate of Deposit (CDs) is yet another good means of making use of your money that is sitting in the bank. Certificate of Deposit which is generally called CDs is a financial product that is designed and offered to investors by banks and other relevant financial institutions (credit unions et al) accredited to do so.

Certificate of Deposits (CDs) is a means of depositing your money (a minimum of $500) with a bank for a period of time without having access to the money until the maturity date.

It could be between three months to five years but you are rest assured that you are going to get your principal and the accumulated interest as agreed no matter what happened to the economy or the global financial market. The interest rate you stand to gain when you invest in CDs might not be much compared to other form of investments, but you are sure of getting more than you can get from any other deposit accounts.

  1. Start a Payday Loan and Check Cashing Services Firm

Starting a payday loan and check cashing services firm is yet another profitable business idea that you can channel your money to rather than leaving it in the bank. Payday Loan and Check Cashing Services firms offer payday loans, installment loans and other related financial services. They may also cash checks, drafts or money orders for the general public. Please note that you would need to have a good working capital in order to maximize profits from this line of business.

  1. Start a Cash Advance Company

Another high – turnover business that you can invest your money in as against allowing it to just sit in your bank account is a cash advance company. Cash advance involves giving out quick loans to people who can’t approach the bank because they don’t have the required collateral or those who need the money urgently and can’t wait for the full circle of processing loans from the bank.

Of course, the interest rate for cash advance varies, but it is often higher than what one can get from the bank because of the risk involved in this type of business. No doubt starting a cash advance business requires huge startup capital, but the fact remains that it is a profitable venture.

It is important to state that cash advance business is a highly risky venture, because you stand the chance of getting your money trapped by those who for one reason or the other won’t be able to pay back the loans they got with interest.

  1. Gold Buying and Selling Business

If you have money in your bank account that you don’t have plan for, you can indeed make good money from it by starting your own gold buying and selling business. People that are involved in the gold buying and selling would admit that they are making huge returns on their investment.

It is important to state that starting a gold buying and selling business requires reasonable startup capital, and the ability to network and market high profile clients in the society. Plus, you don’t necessarily need a shop to run this type of business.

  1. Buy and Sell Foreclosed Homes

Buying and selling foreclosed homes is yet another viable thing you can do with your money. Buying and selling foreclosed homes is one of the easiest ways of making great profits from properties because one can get a foreclosed home below the market value.

Homes are listed as foreclosures by banks or financial institutions for various reasons. It could be that the owner is heavily indebted and he or she is looking for money to clear the debt. It could be that they were laid off from their place of work and they need money to survive and it could also be as a result of health challenge and they need money to sort out their treatment and medical bill.

No doubt an investor can make great gains buying distressed properties, but at the same time if the risks are not properly analyzed it could lead to great loss. In essence, the beauty of this type of business is that you can either hit or miss.

  1. Buy and Sell Junk Silver for Profit

This type of business is highly profitable and the good part of it is that it requires low startup capital, as a matter of fact; you can determine the capital you intend investing in the business. There are several sources to buy junk silver coins and there are various avenues you can sell them. You can buy junk silver coins from your neighborhood, from online stores, from flea markets, from antique stores, from pawn shops and also from jewelry shops.

There are several options when it comes to the type of junk silver you want to buy and sell; there are Kennedy 1964 Half Dollars, we have Morgan Silver, Mercury or Roosevelt dimes, Barber Quarters and you can also get junk silver from recycling electronics. The bottom line is to ensure that you know the market value of junk silver per time; that is only when you will be able to sell at a price that will guarantee you make good profit.

  1. Invest in Shares

If you have money laying fallow in your bank account, one of the good things you can do with the money is to invest in the stock exchange market. When you invest in the stock exchange market, it means that you would have succeeded in reducing the liquid cash in your hands or your bank accounts.

When you invest in the stock exchange market you will not only protect your money from depreciation but you will also make more money and increase your financial worth. Although you will be required to pay VAT and other tax, but the merits far outweigh the demerits.

  1. Invest Your Money in a Holding Company

A holding company is a company whose interest is to buy and own the stocks (shares) of other companies with the aim of getting returns on their investment and also controlling the affairs of the company. As a matter of fact, holding companies serve as investment vehicles for investors.

Holding companies do not go through the stress of starting a business from the scratch, they are specialists in buying over a company that they know has the potential to make profits not only in the short run but also in the long run.

  1. Start a Jet Ski Rental Business

If you have money in your bank account and you live around any beach where people either ski for fun or sports, then you should consider starting your own Jet Ski rental business as against allowing the money to just sit in your bank.

It is fact that you can make cool cash from this line of business with little effort if you are well positioned. Jet Ski rental business can only be restricted to a certain geographical area, which is why before starting this type of business, you must ensure that you are in a place where this type of business thrives.

  1. Start or Invest in Liquidation Business

If you have enough money in your bank account and you are good with bargaining and trading, then you should consider starting your own liquidation business. Liquidation business is about buying goods from companies that have been liquidated and reselling the goods to other small businesses or people who need the goods at an affordable rate.

The goods that are sold by companies that got liquidated are office tables, chairs, computers, printers, photocopiers, air – conditioners, electronics, fridges, power generating set, cars, buses, and loads of other stuffs that are used in corporate offices.

So if you can locate where companies are auctioning their goods due to liquidation and you know of people that are willing to buy such goods, then you need not waste any time – just go ahead to make your cool cash from this business.

  1. Invest in Private Equity Firm

Investing in private equity firm is yet one of the good things you can do with your money as against allowing it to sit in the bank just like that. Private equity firms make use of their available funds or raise funds from investors with the aim of investing the fund in underperforming companies with potentials, with the aim or repositioning the companies to making profits. You can be rest assured that you are going to multiply your money when you invest with the right private equity firm.

  1. Start a Scooter Rental Business

Starting a scooter rental business is yet another good thing you can do with your money. Scooter rental business is a profitable venture and it is easy to manage if the proper structure is put in place. Of course there are areas where scooter rental business can’t thrive and there are areas where it can thrive.

Scooter business can thrive in areas where you can find an appreciable number of tourist, islands, and beaches and also areas such as games villages. Please note that establishing a scooter rental business requires enough capital to purchase at least 10 scooters to start with.

  1. Start Buying and Selling of Commodities

Another thing you can do with your money that is sitting in the bank is to start buying and selling of commodities. The truth is that one of the quickest ways of getting returns on your investment is to invest in the buying and selling of commodities.

Just ensure that you did your market survey in order to know what will sell like wildfire in your area. What could sell very fast in your area could be perfumes, consignments or smart phones and accessories. The bottom line is that if you are good with buying and selling, then you should consider it as a short term investment because you can actually get the whole money invested in the business plus profits within a very short period of time.

  1. Start Buying and Selling Car Spare Parts Online

Buying and selling car spare parts online is of course one of the things you can do with your money that is just sitting in your bank account. One of the best ways to maximize profit in this kind of business is that you must first define your niche. This means that you must know the accessories type you want to deal in. Be sure that these products aren’t scarce.

By selecting your niche, you stay focused and know the clients to market your products to. For example; you might want to deal in Japanese cars, the German brands or the Toyota brands as the case maybe. You could also want to choose to do all. However, one rule you must never neglect is to focus on the types of products that are fast moving.

  1. Start Buying and Selling Silver Coins Online

If you have money sitting in your bank account and you are looking for what to do with the money, you should consider buying and selling silver coins online. The truth is that you can build an online coin business where you can buy and sell silver coins at a very profitable rate. This has nothing to do with if you have always been a coin collector or not.

When starting your online coin business, you do not need an enormous and pricey supply. You can start with just a few coins. Once you get started with that and you have made sales on the few coins, you can then think of expanding your supply. One of the ways to stock up your silver coins as they get exhausted is by buying from coin shows, from folks that contact you with their coins for sale, as well as estate sales. You can also try buying on eBay.

  1. Invest in Bonds Online

Investing in bonds online is yet another good thing you can do with your money. When you buy bonds, it automatically means that you are lending money to a government, council, or company. After you have borrowed them money, you are promised a certain interest rate which is called a coupon.

However, you must know that bonds aren’t same as the term deposits. One of the reasons why a lot of folks are getting too attracted to bonds these days is because they pay higher interest rates than the regular bank deposits. Since you have decided to buy bonds online, you can purchase your bonds from online brokers or from the treasury department of your country.

  1. Start Buying and Selling Coupons

Buying and selling coupons is no doubt one of the good things you can do with your money that is just laying fallow in your bank account. A coupon is a paper or certificate which carries a stated value for the purchase of specific products or services and it carries with it terms and conditions that must be strictly followed. It is just a simple way for the manufacturer of products or those offering services to give out discount on their products and services.

Even though there are no laws clearly declaring that buying and selling coupon is illegal, lots of people still make good money buying and selling coupons online and offline. People who look towards saving money use coupons whenever they go shopping. People who intend making extra money in their spare time without affecting their day jobs engage in the selling of coupons.

  1. Start Trading Binary Options

Trading binary options is of course one of the many things you can do with your money that is sitting in your bank account. Binary Option or digital option as it is referred to in foreign exchange is a type of trading option where the trader assumes a yes or a no position with respect to the price of a financial asset with a result pay off of all or nothing.

There are several online platforms where you can trade Binary; they all have their own terms and conditions and what they offer in terms of return rates, assets, contract duration and helpfully educational resources.

As a matter of fact, there are some brokers/platforms that could restrict you to the Binary options trades that they want you to trade in and there are sites where you have the option to place trade wherever you feel comfortable. Take your time to study all the options you have and make sure you make the right choice. The more options you have, the more chances you have to making profits.

  1. Start a Mortgage Lending Business

If you have enough money in your bank account, one of the things you can do with the money is to start a mortgage lending business. Starting a mortgage lending business is quite different from starting a mortgage brokerage business. Mortgage lenders do offer broker loans, but they are different from brokers because they are permitted to lend money to individuals seeking home financing.

Starting your own Mortgage lending business may be simpler than it sounds. The advantage of making your own hours and retaining your commissions can be very attractive. Please, before starting a mortgage lending business, you need to understand who your potential customers will be, why they need mortgage loans and how you intend to get it for them.

  1. Start Peer to Peer Lending Business

Starting peer to peer lending business is another good thing to do with your money that is just sitting in your bank account. The peer to peer lending business is a very interesting one and this business came on board as a result of economic downturns that forced banks to become reluctant in lending money to high risk individuals.

Peer to peer lending business allows people to who are looking for loans to either start a new business or to pay off high interest on their credit cards, etc. Most peer to peer lenders usually operate in marketplaces. Even though starting a peer to peer lending business might look easy, it is however a serious business that is plagued by a high risk as well as heavy regulations.

  1. Go into Bitcoin Exchange and Trading Business

If you have money in your bank account and you are internet savvy, one of the businesses you can do with the money is to go into bitcoin exchange and trading. A bitcoin exchange business is a site that facilitates exchange and trading bitcoins for fiat currencies or other digital currencies, and vice versa. Bitcoin exchange sites also provide platforms for customers to store their bitcoins.

Starting a bitcoin exchange and trading company can be rewarding but you would have to compete with other well established bitcoin exchange and trading companies on the World. The truth is that there are loads of standard and substandard bitcoin exchange and trading firms out there, all you need to do to make good profits is to make your own standout.

  1. Start a Bureau De Change Business

Another thing you can do with your money that is just sitting in your bank account is to start a bureau de change business. A bureau de change which is also known as non-bank foreign currency exchange company is a business in competition with other financial related businesses that make profit from selling currency at a higher exchange rate than a rate at which it buys the same currency. In setting its exchange rates, they ensure that they keep an eye on the rates quoted by competitors, and may be subject to government foreign exchange controls and other regulations as it relates to financial institution in their country.

  1. Start Car Rental Business

If you have money in your bank account that is enough to buy one or more cars, then you should consider starting car rental business. The first thing to consider when starting this business is the type of car rental you intend to operate. You will have to know the types available – contract hire and daily hire, and decide which you want to go for.

Contract hire is usually for business customers who hire the vehicles for a set time, while daily hire is for individual customers who hire the vehicles usually for a shorter period of time. The next thing to consider is how to get your cars. The options available are outright purchase or leasing; outright purchase is usually more expensive than leasing.

  1. Start a Charter Bus Service Business

Starting a charter bus service is yet another good thing you can do with your money that is just sitting in your bank account. Charter bus services as the name implies is a company that put up bus for charter. This kind of venture needs the effort of more than one person and it is a very lucrative kind of business in the United States of America. Charter buses provide intercity, rural and other long distance transport services on regular routes and schedules as requested.

  1. Invest in Factoring Business

Investing in factoring business is of course one of the viable things you can do with your money that is just lying fallow in your bank account. The term factoring means a short-term financing option to increase a business’ liquidity. Operators also purchase accounts receivable and unpaid invoices at a discount in return for immediate receipt of money.

Factoring involves a company selling its accounts receivables or invoices to a third party as a means of accessing cash to finance further business activity without having to wait for their debtors to pay them. Factoring companies generate revenue through factor fees, or the difference between the price paid for the invoice and money received from debtors.

  1. Start Micro Money Lending Business

Starting micro money lending business is one of the good things you can do with your money that is laying fallow in your bank account especially if you have enough money. Micro money lending (Microcredit or Microloans as it is also called) are small loans that are given by individuals rather than banks or other related financial institutions.

These loans can be given by a single person or gathered across a number of persons who each contribute a portion of the total amount. Micro money lenders basically give out loans of $50,000 or less to startups and other small-scale business or individuals.

  1. Start a House Flipping Business

If you have enough money in your bank account, rather than allow the money to just lie fallow there, you can multiply the money by engaging in house flipping business. House flipping is all about purchasing a property that is put up of sale, renovating the property and then reselling the property with the sole aim of making profits.

Usually, house flippers sell the home at a price that will cover both the expenses incurred and provide enough profit to compensate for the time invested in the deal. The profit could be big and it could be small; it all depends on the how good you are able to makeover the property and also the location of the property.

  1. Invest in a Real Estate Syndication Firm

Investing in a real estate syndication firm is yet another good thing that you can do with your money. A real estate syndication company is a company that has a group of income property investors coming together to finance a property investment.

Aside from the fact that these investors pool together their financial resources for real estate investment, they are also in business partnership that ensures that they share any other real estate investing resources at their disposal.

  1. Make Money from Uber and Similar e-hailing Taxi Business

If you have money in your bank account that is enough to purchase a standard car or more, then one of the good things you can do for yourself is to get involved in Uber or similar e-hailing taxi business. Uber Taxi has demystified the business concept of taxi business. They have proven that you can actually run a standard and world – class taxi company with loads of drivers and taxis without owning one single taxi.

46. Start Car Dealership Business

Another good thing that you can do with your money is to go into buying and selling of car. The truth is that you don’t need to open a car dealership garage before starting this type of business. Car dealership operators sell both brand new and used cars and they may fall in any of the following niche areas; brick and mortar cars dealership shop, online used cars dealership shop, locally produced car dealership shop, imported car dealership shop, luxury cars dealership business and multi – brand and multi – maker car dealership.

47. Start Drone Rental Business

If you have money in your bank account and you want to multiply the money or prevent the money from depreciating, then one good thing you can do is to purchase one or more drones and put them up for rental. Those that are engaged in drone rental business rent out drones to clients who need them for their business.

With the right location, reliable drones and good marketing skills, you can attract loads of clients. Starting up a drone rental business may not require pretty huge startup capital, but it needs a significant investment capital, solid planning, and attention to detail in order to keep your business profitable.