What type of savings/investment accounts give the highest rate of return, per dollar invested?

Go to www.citi.com and check out a Citibank e-Savings account (Under Banking) You have to open it online.

5.00% Annual Percentage Yield (APY)
FDIC insurance up to $100,000.
FDIC-insured
Waived monthly banking fees if opened with EZ Checking
no minimums

No savings accounts give a very high rate of return.

The highest yielding investment that is pretty safe and fool proof, with practically no risk, is a mid-term certificate of Deposit (CD), through a reputable bank. A highly diversified, low beta mutual fund may also be considered.


In addendum-

In reply to the asshole posting below me. A CD is NOT a savings account. A CD is, in fact, a promissary note, or for those of us financially illiterate, a short term loan to a bank, and thus, pays many times higher interest then a normal savings account.


As far as "Money Market Accounts" being better, yeah ok, maybe you should check the rates sometime. The only positive is that money market accounts are usually checkable on a limited basis, making your money more liquid.


I wish people who have no clue what they are talking about would stop posting retaliatory posts.

forget the bank..buy the daily finace news publication and amongst all the stocks and shares info you will find information on Managed Funds..most reasonable ones will return upward of 30% per annum...just keep in mind this simple formula though...higher returns=higher risk ..cheers

What a joke. Someone comes on and states that savings accounts doen't give you much of a return, than recommends a CD. A CD is nothing more than a savings account that gives you a slightly higher rate of return due to the fact that you have to keep the money there for the specified amount of time. If you are going to go that route, you are much better off with a money market account. But these would be useful for saving money (less than 5 years) or for parking money for emergencies.

Now as far as investing (which means longer than 5 years), futures on the commodities market would give you the opportunity to have the highest rate of return, but they have a huge risk to go with them. Next would be buying and selling single stocks (i.e. day trading), but again you would have a big risk. Mutual funds have a variety of risks and gains depending on the type and are usually the surest bet when it comes to long term investing. I would just do you research on them and look for how they have performed over 5+ years.

One last bit of information. 97% of all mutual funds have made money (sometimes a little, sometimes alot, sometimes a huge amount) in every rolling 5 year period in the history of the stock market. 100% have made money in every rolling 10 year period.