One safe way to invest and park your money is through a savings account. Never miss a great news story! They are issued at a discount and are redeemable at face value which is more than the reduced amount on maturity. Then there’s the ‘making charges’, which typically range between per cent of the cost of gold and may go as high as 25 percent in case of special designs. Read more about Senior Citizens’ Saving Scheme. Short term funds: Short term funds primarily park money in securities and have a maturity period of 1 to 3 years.