<prompt> Human: I am a fairly recent grad , in accounting, that landed a decent paying job. Most of my finance profs through out the year had preach the 10 saving rule. Save 10 of your income in a 10 interest account. Now that I have been in the job almost a year and researching saving accounts, 10 interest looks like a fairytale! Where do you find such a rate? Now I am assuming they were taking about Mutual funds or some other type of accounts for the 10 interest. Any help with what type of investment account they might have been talking about? Toronto, Canada  <response>: 10 interest savings accounts is only possible in countries with really high inflation rates India... and your REAL return is much less than that.I dont really know about Canada, but in the US you should really shoot for closer to 15 or more of your income saved for retirement and that should be invested in a mix of stocks and bonds. 