What type of savings/investment accounts give the highest rate of return, per dollar invested?

Answer 1

Go to www.citi.com and check out a Citibank e-Savings account (Under Banking) You have to open it online.

5.00% Annual Percentage Yield (APY)
FDIC insurance up to $100,000.
FDIC-insured
Waived monthly banking fees if opened with EZ Checking
no minimums

Answer 2

No savings accounts give a very high rate of return.

The highest yielding investment that is pretty safe and fool proof, with practically no risk, is a mid-term certificate of Deposit (CD), through a reputable bank. A highly diversified, low beta mutual fund may also be considered.


In addendum-

In reply to the asshole posting below me. A CD is NOT a savings account. A CD is, in fact, a promissary note, or for those of us financially illiterate, a short term loan to a bank, and thus, pays many times higher interest then a normal savings account.


As far as "Money Market Accounts" being better, yeah ok, maybe you should check the rates sometime. The only positive is that money market accounts are usually checkable on a limited basis, making your money more liquid.


I wish people who have no clue what they are talking about would stop posting retaliatory posts.

Answer 3

What a joke. Someone comes on and states that savings accounts doen't give you much of a return, than recommends a CD. A CD is nothing more than a savings account that gives you a slightly higher rate of return due to the fact that you have to keep the money there for the specified amount of time. If you are going to go that route, you are much better off with a money market account. But these would be useful for saving money (less than 5 years) or for parking money for emergencies.

Now as far as investing (which means longer than 5 years), futures on the commodities market would give you the opportunity to have the highest rate of return, but they have a huge risk to go with them. Next would be buying and selling single stocks (i.e. day trading), but again you would have a big risk. Mutual funds have a variety of risks and gains depending on the type and are usually the surest bet when it comes to long term investing. I would just do you research on them and look for how they have performed over 5+ years.

One last bit of information. 97% of all mutual funds have made money (sometimes a little, sometimes alot, sometimes a huge amount) in every rolling 5 year period in the history of the stock market. 100% have made money in every rolling 10 year period.

Answer 4

Pure poppycock. Here is the flaw in this reasoning. When taxes are cut, a dollar that has been earned remains with the person who earned it, the full amount of that tax cut. The person will now spend, invest or save that money. But for money to be spent on food stamps, unemployment or infrastructure, it must first be taken away from the person who earned it. He looses the full amount of that dollar and will not have it to save, invest or spend stopping that economic activity. But it goes further. It costs quite a bit to process that dollar away from the earner and into the Treasury. That reduces the value. Then it will be handled by various bureaucracies each taking a cut further reducing the value of it. Now that dollar is worth only about 80 cents. Now it will be put into a check and disbursed. The person who receives it will spend it but it will not have the same impact. As far as infrastructure projects go, far more will be lost due to ever expanding levels of bureaucracies such as regulators, legal defense and waste. By the time that particular project is finished it will probably cost somewhere in the neighborhood of 10 times as much as it would have had private enterprise done the construction. That is why that premise if ridiculous. It does not look at the whole picture. It is just like the current regime using the phrase, "jobs created or saved" by their policies. You cannot simply pick the numbers you want and make a statement like that without also including the jobs lost due to their policies. If your premise was true, you could simply pull out your credit cards and start spending as much as you can then at the end of the year you could expect to have more wealth than you started with. I submit that it will not work. It is akin to saying if you put more greasy dirt on your hands they will get cleaner. Sure, if you put a thick layer of greasy dirt on your hands, eventually as it rubs off your hands will seem to be cleaner but not cleaner than they were before you put the greasy dirt on them. *

Answer 5

forget the bank..buy the daily finace news publication and amongst all the stocks and shares info you will find information on Managed Funds..most reasonable ones will return upward of 30% per annum...just keep in mind this simple formula though...higher returns=higher risk ..cheers