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What is the highest return, safe, short term investment right now?


I just started a job and I have 6 months before I need to start paying off my student loans. I also have a couple of electronics that are 1 year same as cash. ING Direct rates and CDs are kind of low right now, but I don't want something like that stock market because I want to be able to pull out at any time (as opposed to trying to time it to pull out when the market is up)

Interest rates are really low. It depends on how much money you have. You are doing right thing w/ ING Direct. Your money is safe and FDIC insured. However, if you have over $50,000 to invest there are FDIC insured banks that give lot higher interest rate than ING Direct. Also, they are not direct banks; so, u'll actually get check books, debit cards, etc.

Your other option though slightly risky would be corporate bonds or municipal bonds. You can probably buy these from the Vanguard or Fidelity sites.

Also, I belive Millennium Bank is giving 6% on 1yr CD min. $5000
http://www.mlnbank.com/EN/services/premc...

oil companies are making lot of money

Rates are very low now with the Fed cutting interest rates. Here are several suggestions. I do not have a financial interest in any of these websites. (This does not violate the Yahoo answers ban on solicitations as I have no financial interest)

I like the the Vanguard Prime Money Market Fund with a current compound yield of ~3.8% APY.
https://flagship.vanguard.com/VGApp/hnw/...

If you are in a high tax bracket you may prefer their tax exempt money market funds:
https://flagship.vanguard.com/VGApp/hnw/...

Sometimes other institutions will have a higher teaser rate, but Vanguard tends to have the highest yields I've found over the long run. (Vanguard money markets are not FDIC insured, however.)

Article on teaser rates:
http://www.marketwatch.com/news/story/ba...

Bankrate.com provides links to CD's with high interest rates as well as high interest rate banks.
http://www.bankrate.com/
http://www.bankrate.com/brm/rate/deposit...

ING and HSBC often have rates close to Vanguard, and most of their products are FDIC insured. You can check these at the following links:
http://home.ingdirect.com/open/open.asp
http://www.us.hsbc.com/1/2/3/personal/sa...

The better way is that you should approach a reliable stock broker and he can only direct you in stock market. Unless you will be just like a blind man in a strange road. Only through stock market you can earn high and at the same time you can loose high also. So better you find a good stock broker or get advise from any reliable source. The following articles will help you to find the necessity of a broker.

http://stockexchangenews.blogspot.com/20...

A 6-month CD is probably your best bet if you will need the money in 6 months to pay off your student loans. While interest rates are low now, most people are predicting that they will continue to fall in the immediate future, so its best to lock a rate in now.

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