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Does any know of a good bank or investment with high percentage rate where I could open up a cd? |
My bank Washington Mutual only has a cd rate of 3.5% which sucks, which one do you guys recommend You should try prosper.com. But only invest in loans with a credit rating of C or better and a DIT of less than 20%. I have had tremendous success with Prosper. Most of the loans I've funded have at least a 10% - 18% return. A lot better than any CD and safer than the stock market! Good Luck! Go to www.bankrate.com web site. Click up cd rates for the time frame you want. They show the best rates in the nation and also rate the banks for safety. Some folks recommended ING accounts, including a savings account that offers 4.5% return. They also offer mutual funds. Why CD? Saving and even checking accounts are paying lot higher than 3.5%. Even Washington mutual's checking is paying 5%APY. So does citibank. Also etrade pays 5.05%APY. Unlike CDs, savings, checkings, and money market accounts allow you to withdraw your money anytime you want. If you go to any bank the rate of interest will not be more than 4 %. So it is waste of money putting in bank. I would recommend you to do Forex trading as it will give you fast returns |
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