<prompt> Human: 1. Is there a number I cant exceed with a student savings account?2. Ive been getting invest into index funds what are my risks?3. How much is required to invest into index funds?4. How long do I keep my money in the index funds?5. Are there any fees to put the money in index funds?6. Other than index funds, what other options are there?  <response>: Have you read this: Have you completed steps 1-4? If so, consider to max out your 401k first if you get better fund options through your employer. Otherwise consider this: how soon do you need the money? If not within 5-10 years then: You should consider investing in a Roth IRA up to the max, then invest the rest in funds.If within 5-10 years: Consider putting it in an online savings account such as Allys 1 return savings or a CD.And as far as your questions, here are some answers. I am sure others will chime in as well.1. I believe there isnt. A bank will not turn you away from depositing money. There are minimums though.2. Index funds are less risky than individual stocks because you are following an index of stocks. If one crashes due to bankruptcy or some major PR issue, you dont lose a lot of money. However, that said, if you are in a down year then your investment can go down 8 if not more. You need to be able to tolerate this and wait for the rebound. For example, the SP 500 index has always come up on top even after a recession. 3. There are various minimums. Some have 2000, others 5000, and others at 10000-20000. The higher the limit the better features the fund has with possibly lower fees. Check out vanguards various SP 500 options with different investment limits and their fees.4. The longer the better. You shouldnt take it out unless absolutely needed. Especially because it may be on a down year. Better question is, why are you investing? For retirement? Or simply because you have money sitting around that you will need later for a house down payment. Perhaps another investment makes more sense like a 1 online savings account5. Theres usually expense ratios for passive index funds say a 0.25 fee, but if the fund is not passive and instead it is actively managed then the manager can charge many other fees which brings up the cost closer to 1 if not higher. Stay away from these managed mutual funds. They rarely outperform the passive index funds.6. Other options are less risky bonds, savings accounts, CDs.There are also other funds that are not passive index funds i.e. have an active manager but with MUCH higher fees. There are also retirement age funds that automatically adjust your investments from more risky to less risky as you near your retirement age. These have higher fees than regular index funds. 