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High yield saving accounts? |
I'm planning to open a high yields saving account with about 300-500 dollars, my question is what do you think is the best bank to do this at and does anyone know of a bank that doesn't change the interest rate once you open a high yield account? Obviously, I am in America. Ing. You know that high yield also means higher risk, right? High yield does not mean high risk. All deposits at banks are federally insured. Do an internet bank that is FDIC insured, do it soon. Interest rates will be cut next week. Get and insured Certificate of Deposit. If you want to do it locally, find a Credit Union that you can be a member. They tend to pay more. Search www.ratezip.com to find the best high yield savings account rates from banks nationwide. |
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high-yield savings would be the first thing I would do. Then, when interest rates went up, put the money into a certificate of deposit account ...Ive always been under the impression that Capital One was a credit card company that gave credit to people with bad credit and high annual fees and are known for high fees for anything you do with ... the higher the yield on a security, the higher the risk. High yield bonds are generally in reference to bonds that are non-investment grade, or have a "junk bond" status. It means the p... Rates of 2% per day are impossible, so the site seems an obvious fraud to me. As for high yield bonds, here is an explanation. The interest rate at which a company will be able to issue bonds d... Forget banks. You should do what I did and give all your money to some Nigerian guy who needs it to become a prince! ...There are a lot of scams on line. If they promise 1% a day, or even 1% a month, they are a scam. You should consider the Vanguard Prime Money Market Fund with a current compound yield of ~4.55%... Your interest through BOA accrues daily and compunds monthly. The 4.72% is your annual rate; however, the 4.8% is your yield due to compounding. The math would be as follows: 11000 times 4.8% ... It's difficult to find precisely what you are seeking as definitions of what constitutes "high-yield" change over time. However, a good proxy would be a high-yield tax-exempt mutu... |
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