Does anybody know where in the world has the best interest rates and the least taxes for savings accounts. I have $150,000 that I want to put into the bank, but I want to know which one would be the best.
2007-03-19 20:01:43 · 6 answers · asked by ???? 2 in Business & Finance ➔ Personal Finance
And what would be the best investment, bank wise, like cds, savings bonds, etc... Also give me the interest rates on those too.
2007-03-19 20:05:52 · update #1
Also if you have any information on offshore bank accounts, that would be helpful too.
2007-03-19 20:25:27 · update #2
Try Credit Unions. I belong to one and have invested monies into CD's at a 4.1. You should check what the current interest rates are on all investments. Some CD's require a certain term. Mine being 5 years before I can take money out. Mine also has a maximum balance allowed of $25,000.00. I'm not sure if I was able to help you out, and good luck on your investments!
2007-03-19 20:14:59 · answer #1 · answered by S.F. Girl 4 · 0⤊ 0⤋
okay, first of all, i dont know which bank is really the best, but do you really want to put it in a savings account? because i know that if you put it in a cd, a certificate of deposit you will gain a lot more interest from doing that, although, you may not withdraw any money from your cd once you put it in, and can only take it out only when it matures, or reaches its due date. but im pretty sure, you'll still have to claim it back later when you do your income taxes.
Other than that, just go to some banks wherever you live, and find out their interest rates and stuff like that. good luck, and mannnn....that's a lot of money.
2007-03-20 03:14:05 · answer #2 · answered by onepowerbboy 1 · 0⤊ 0⤋
I would say put it in a CD with a bank...however I would not put more than $100,000 in any one place/bank as FDIC only insures up to $100,000 per institution. So think about maybe splitting it up between 2 banks for security. Just in case.
2007-03-20 21:42:09 · answer #3 · answered by gatorgrad99_99 3 · 0⤊ 0⤋
Go to www.bankrate.com, it is the best site for comparing CD rates, savings rates, etc. from multiple banks and institutions.
2007-03-20 03:19:37 · answer #4 · answered by HereAndThere 2 · 0⤊ 0⤋
Similar questions have been answered numerous times on Y!A. Seeing that you are asking this question, you should not handle this amount of money yourself. Find a financial advisor.
2007-03-20 03:10:56 · answer #5 · answered by djt0704 2 · 0⤊ 0⤋
hi,, cd's ... just put them all in cd's. i know a credit union gives 6.25 % but that could change tomorrow. i locked mine at that figure. call around for the highest.
2007-03-20 03:54:04 · answer #6 · answered by charlie 5 · 0⤊ 0⤋