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High yield interest account for young ones? |
does anyone know a bank or online bank that offers high yield interest accounts or high yield money market accounts in which young people, teenager age, can open an account. You can find a number of high-yield online accounts on www.bankrate.com. www.bankrate.com has a search engine for savings accounts. HSBC is offering 6% to 5.5% for online savings accounts. |
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Ing. ...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% ... |
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