Im earning 4.5% on my money but, I think I could do better. I dont want to lock up my money though. Help me.?

Question

I dont want to lock up my money though. Can anyone help me? What options do I have?

Without any risk. No stocks or mutual funds.

Answer 1

Many savings accounts are currently offering 5%+. E Trade bank is one. There are also some decent short term AAA insured Muni bonds that can get you 4-4.5% tax free. However, I would suggest you evaluate your investing policy as the idea of "not locking up money" runs contrary to the notion of getting a high yield. I am assuming you are thus looking for a place to park "working capital" which you will soon need to spend. If this is the case, just go to Yahoo! finance and look up the highest yielding savings accounts.

Answer 2

It all depends on the amount of risk you want to expose your money to. The higher the risk, the higher the return.

4.5% is what you get in a CD or money market fund; this is a low risk vehicle. higher rick vehicles include bonds and even higher stocks. But be forewarned that investing in stocks & bonds is NOT a sure thing. Everyone I know has times where they have lots considerable part of their principal; some even lose all of it ( ex enron ).

If you are prepared to stomach more risk, explore the option to go with mutual funds. I think those are a reasonable risk vehicle.

Answer 3

Hi,

Hardly any.

For no risk, 4.5% is all you will get. The higher the return, the riskier it gets. Futures are probably the riskiest and a lot of people went down the drain with Enron.

Kindest Personal Regards,

Walt Brown
Site Build It Certified Webmaster
[e-mail]

Answer 4

You may look at the corporate bonds from Ford or GM, the current yield is about 11%. But you need to do your DD on these two to see if they can survive for the next 5 years.

Good LUCK

Answer 5

U want higher returns..with No lockin & No Risk...dear there is No such Instrument whic give u allll if u got the ans.do let me know also...

in fin mkt there is a saying "high risk...high return"

u hv to choice any of them.

Answer 6

I know a company currently offering 25% annually without risk.

Answer 7

only thing better than ING is something like emigrant direct 5% apy. But no risk safe online banks are your only option.

Answer 8

Be happy that you're getting 4.5%
You can't have liquidity and high rates.
I suppose you want no risk, either.