Hello BabyDoc,
There is a difference between "consumer" use of batteries and "power" use. If your applications involve draining your batteries over several hours, you can store them anyway you want to. Just make sure they don't drop below an open circuit voltage of 1 volt.
If your applications involve pushing your cells to the limits and voltage retention under load is important, then you need to try to keep your cells "vibrant" during storage.
Keeping your cells vibrant requires more work, but you will be rewarded by much better performance from them.
To keep NiMh cells vibrant, you store them discharged and perform a charge/discharge cycle on them every 30 days. To discharge your cell, you apply a 1C load and stop when the voltage under load hits 1.0 volts. With a battery pack you stop when the voltage hits 1.0 volts per cell.
If your cells have a very high rate of self discharge, this won't work. You need to store them fully charged, and since they quickly loose their capacity, charge them every week to keep them above the 1.0 volt per cell, resting.
The problem with this is that you need to charge your cells before use, and they aren't ready to go, if you need them.
A modification to this is to discharge the cells, and battery packs, and then to just charge them a little. I use this method for my power tool battery packs. I put about 30% of their full charge back in, and that leaves enough in the pack so I can do a quick use or two of it without having to wait for the pack to charge up.
You can also do this with single cells. Discharge them down to 1 volt, then charge them for a short time. When I am charging at 1C, I go for 10 - 15 minutes. In this condition, you can actually get away with longer than 30 days between your periodic charge/discharge cycle, but to keep your cells vibrant, I would not go beyond 90 days.
I have only been using this storage method for about 4 years, but have been amazed at how well it works. I don't keep a lot of extra cells around, but I do have battery packs for my power tools. Like most people, I leave my drill unused for a few months, then need it for a job I am working on. The performance of my battery packs has held steady, using this storage procedure, and I have passed the information on to some contractor friends of mine who also have reported excellent results.
If you store your cells charged and ignore them for an extended period of time, you can sometimes bring them back by using the standard charge and doing several charge/discharge cycles on them.
Tom