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Investing: How to get 5% or more interest ? |
On a no risk investment bank FDIC account. You can't get that high an interest rate. The fed has aggressively cut rates to fight the economic slowdown. This has lowered rates for both savers and borrowers. 5% interest rates on savings accounts are history until the Fed raises rates again. If you are looking at savings or money market account, check out bankrate.com ... they list the best rates avail. out there nowhere Online savings accounts like EmigrantDirect.com or HSBC were paying up to 5.75% until Bernanke and the boys started cutting rates. Lend money to people on prosper.com Here you'll be able to get about a 12% return on average depending on whom you decide to loan to. You won't be able to get more than 5% no-risk. Bank rates / CD rates are the best you can do right now. Shop around, some online banks offer around 4%. ...in European banks (5- 9% annual interest). No risk. CD's???? I have no good answer.. |
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