I know a regular cd account can do this but it does it at a real low interest rate... is there any other places that can insure I will get all the money I deposit back? I read some where that there is alternates that can do almost the same as a regular cd account but with a higher interest...
2006-07-18 18:30:20 · 4 answers · asked by mookie123 1 in Business & Finance ➔ Investing
For starters, you get all your deposit back with a CD, only you have to lock it up for a fixed period. You can get pretty short CDs - I know that there are ones that offer 5.5% for 6 months.
You can also try a savings account - once again, I know an online savings account that offers 5% without locking up money. Search online - MSN money has a good search-by-state tool that can give you good comparitive rates on CDs and savings accounts.
Good luck!
2006-07-18 18:35:09 · answer #1 · answered by bugie622 1 · 0⤊ 0⤋
Try www.patelco.com they got 5.75% for 8 month CD, not bad at all!
Another way, if you got $25,000 is to open up an account with Allianz and invest it in the Stock Market, its insured and caps your profits (per year) at 36%, if you make more, they keep it, if you LOOSE money, they don't take it away, they take the loss!!! Also, they are giving $2,500 for those that sign up in the next few weeks.....
Best of luck!
Kosher1
2006-07-19 01:36:55 · answer #2 · answered by Kosher1 2 · 0⤊ 0⤋
There are several possibilities, but what would be the right one for you I can't tell you here and now, because that depends (among other things) on you personal situation. If you want to know more, just email me.
2006-07-19 06:56:09 · answer #3 · answered by Patrick L 3 · 0⤊ 0⤋
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2006-07-19 06:30:36 · answer #4 · answered by Tarumi 2 · 0⤊ 0⤋