which bank in america offers savings with high interest wherein you can withdraw the interest monthly?

Question

without penalty (just the interest) how much interest (in terms of dollars) would i earn monthly if i deposit $25,000? what other products offer the like aside from savings? my goal is not to touch the principal amount. thanks.

Answer 1

$25,000 is a lot of money to just sit in the bank.

I use my bank just for paying for bills and having a comfy emergency fund whenever I need to pull it out.

You should split that money into separate accounts and get the highest yeild you can get.

Banks are good for savings but I wouldn't let 25,000 just sit in a "savings account".

Mutual funds are the next best thing to " investing ".

By the current rate of Dow Jones at a record high 13,000+ for 4 days in a week... it's expected to increase even higher.

2008 Olympics is coming and that means more ad sales. Coke and all those brand name products are going to reel into that market.

China owns so much dollar paper notes that they're just holding it so every other country can catch up. Rumors say they're building financial investments that is going to shake up markets.

http://www.marketwatch.com

Answer 2

Right now, it looks like according to bankrate.com, the best savings rate in America is at Amboy Direct, paying 5.25% annual percentage rate.

If you deposit $25,000, you'd get a rate of return of about $106 per month.

Answer 3

you should discover elsewhere to placed money for boom. Banks pay an somewhat small share over inflation. Many banks surely pay below inflation. there are a decision of places to placed money and get some element over inflation at the same time as remaining possibility-free. higher share if you're keen to settle for slightly possibility. that relies upon on your own circumstances.

Answer 4

bankrate.com