2007-02-20 13:56:25 · 11 answers · asked by Andii 3 in Business & Finance ➔ Personal Finance
You are not going to get much "interest" on your money. A CD is paying about 5% right now.
If you want return on investment, the best place to be is in the stock market. Mutual funds are one of the safest ways to do this, but never, Never, NEVER invest in anything you don't understand. Do some research and find out how mutual funds work. Find one you like, preferably with a 10 year track record averaging over 10% growth. It shouldn't be too hard to find several like that. Good luck!
2007-02-20 14:02:55 · answer #1 · answered by J.R. 6 · 0⤊ 0⤋
Right now the yield curve is inverted. This means that you will get more interest on a short term investment than a long term one.
Aside from the time commitment of the investment, you will also pick up more interest by taking on more risk. One way to guage the risk is to find out the S&P or Moody's rating of the borrower.
A third way to gain more interest is to invest in a currency that has a higher interest rate than the U.S. dollar; however, the higher interest rate may also reflect a lower credit rating as well as the possibility that the foreign currency will decline against the dollar because of a higher inflation rate in that country.
2007-02-20 14:19:13 · answer #2 · answered by Voxygen8 4 · 0⤊ 0⤋
There are several options for getting the best Interest Rates.
Through the internet you can deposit money into Bank West whose rate of the interest is good.
Next suggestion is download FIIG Website & check all the different types of interest rates.
You can invest for 3 months or whatever & their rates are the best that I know of or you can ring them & it cost nothing
2007-02-20 14:24:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You could get a term deopist and earn money on it or saving bonds Gic my friend has put money into that to make money now I don,t if the States has that good luck
2007-02-20 18:56:46 · answer #4 · answered by pattibcacl 6 · 0⤊ 0⤋
You can open a CD with a bank. You can also look into interest bearing checking accounts with Citibank, ING Direct or HSBC Direct. They offer about 5% and you can add money to it or even withdraw without penalties, unlike CDs.
2007-02-20 14:01:48 · answer #5 · answered by Halo 5 · 0⤊ 0⤋
In addition to a CD, a money market account is good as well. They pay around 5% and you can move money in and out. With a CD your money is stuck for a certain amount of time.
2007-02-20 14:04:12 · answer #6 · answered by Chris 3 · 0⤊ 0⤋
Flash a wad of the stuff, in a bad neighborhood, and then head into a dark alley.
I'm sure you'll earn all kinds of interest.
2007-02-20 14:05:50 · answer #7 · answered by Old guy 124 6 · 0⤊ 2⤋
Open an account with the below company, they pay 6.01% interest
2007-02-20 20:46:49 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I have an ING direct account. They are paying 4.50% APY on savings
2007-02-20 23:58:05 · answer #9 · answered by KathyS 7 · 0⤊ 0⤋
Brazil.
2007-02-20 18:08:06 · answer #10 · answered by Anonymous · 0⤊ 1⤋