Let say I want to invest 100,000 and have an interest rate of 5%, how can I gain 5,000 (5%) off of it a month, what's the name of that type of account and where can I get it?
2007-05-15 06:27:02 · 4 answers · asked by The Urban Princess 1 in Business & Finance ➔ Personal Finance
WOW! You want to make a 5% return over the course of a month? I doubt you will find that.
Most high yield savings accounts are a little over 5%, a YEAR. So one a 100k investment you would walk away with an extra 5k after 12 months.
2007-05-15 07:26:56 · answer #1 · answered by Eric A 3 · 0⤊ 0⤋
National City pays your interest monthly. But it's 5% APY...so you'd only receive about $400 a month.
2007-05-19 05:01:54 · answer #2 · answered by Waiting for Change 2 · 0⤊ 0⤋
A savings account with a high yield?
2007-05-15 06:32:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋
ask at any bank or other financial institution. there are interest bearing checking accounts or saving accounts or other things you can invest your money in with interest.
2007-05-15 07:58:29 · answer #4 · answered by wendy_da_goodlil_witch 7 · 0⤊ 0⤋