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Which type of savings would generate the most interest?


I'm looking to put my money in an interest bearing account. Any ideas of the best bank and (or) investment that would generate possibly 10-15 percent annualy.??

Thanks for your answer!

I want to make a profit. I'm not afraid to take a risk, so whatever ideas you have I'm open to hear.

I can't think of anything that would get 10 - 15%... the highest I could speak of, out of personal experience, would be a CD account, which could get you between 4 - 5.5%.

Try www.Emigrantdirect.com , or INGdirect.com

Stocks are the highest long term returns at about 9% annually. You can open a broker account and buy an ETF of a market Index. If you buy individual stocks one can achieve higher returns. ETF's of foreign stocks have been doing exrremely well.

Money Market Funds only pay %5 or less. Maybe you can invest in borrowing money to someone. Check my profile. You can be become like a personal banker and decide who you want to lend your money to, based on their profile. That is how the banks work.

Buy Small Cap Premium & Dividend Income Fund (RCC). The current annual dividend yield is over 12%. It trades like a stock, so of course there's a risk that the stock price will go down.

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