English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

I am looking for a good bank where I can get some major interest. Not a local bank where I get a .4%, something like 6%.

2007-03-27 17:49:25 · 3 answers · asked by guitarsnbooze3 2 in Business & Finance Personal Finance

3 answers

ing direct and hsbc both pay around 4% for a basic savings account. and they offer cds that pay around 5%.

2007-03-27 19:25:22 · answer #1 · answered by comic book guy 5 · 0 0

u won't get that from a bank. any book that u pick up will tell u to go into mutual funds, u may even get better than just 6%.
rule of 72 says that whatever % u get, divide that into 72 and that how many times u'r money will double, so at 6% into 72 is 12 years, then doubles again in another 12 years if it stays the same 6% . some people are getting anywhere from (from what i hear)10-14% on mutuals (more or less).
put u'r money into a savings account (@ a bank) and they will in turn invest u'r money to make money on it OR just invest it u'r self and make a better interest rate.

2007-03-27 18:21:47 · answer #2 · answered by cher 2 · 0 1

5-5.3 is about the best around.
///

2007-03-28 19:15:28 · answer #3 · answered by SWH 6 · 0 0

fedest.com, questions and answers