Where can I get a higher return than 5.20% on my money? Need Full liquidity and low or no risk?

I currently have the money ($10,000) in a 5.20% money market account, need to money to be available whenever I need it so CD accounts are out. I have looked into Index funds but the returns seem crappy for the amount of risk involved. Anyone have any suggestions

You can invest in investment grade corporate bonds. They have a risk of default though. But given the current economic climate most should be safe. But stick with U.S companies with atleast 1 billion dollars in assets. You should get around 6.25 - 8 percent and they have a good secondary market.

harvest energy trust

Try www.demandnotes.com It is a subsidiary of GMAC and is currently paying 6% on a Money Market account that is accessible by simply writing a check, with a $250 minimum withdrawal.

Unfortunately, it is not a bank, therefore your funds are not guaranteed by the U.S. Government. To get higher yields, you must take some risk.

I know a company currently offering 3.2416% monthly without risk.

Top 4 Answerer.

5.20% is excellent on a money market account. If you need to retain access to the funds I would keep with what you have. Anything with a higher interest rate is going to be very risky, or tie your money up.

Tags

　　Online Investment 　　Online Business 　　Offshore Investment 　　Mutual Fund 　　Money Market Funds 　　Money Investment 　　Managed Fund 　　Make Money 　　Low Risk Investment

Related information

Are there any savings accounts that pay at least 4% interest that allow you to transfer funds the same day?

The quickest I've come across is www.emigrantdirect.com their current rate is 5.05% and most transfers i've done have been under 24hrs. Only on Friday or near holiday transfers have...

What is the best return you can get from a mutual fund or cd in 2007?

I've linked to a web site that tracks the best CD, Money Market and Savings account interest rates. They sometimes find CDs that pay 6% or even higher with special offers. As for mutual fu...

What is the dollar value of Jackie's assets that are considered part of M2?

Coin currency, money held by public, and checking are M1. M2 includes M1 + savings accounts and Non institutial money markets. I think a money market mutual fund is institutional but I am not sure....

Buy a home versus rent? Full-time college student w/ part-time job.?

If living at home is OK, that is what you should continue to do. It doesn't get any cheaper than that. Chances are that you will move when you get done with college. Not owning a house will...

I鈥檓 looking to invest in a fund offering tax free income - any suggestions?

Try municipal bonds for tax-free status. When I lived in the U.S. (20+ years ago), I think they were tax-exempt. Might still be. But you asking for too much: - If you expect capital guarantee, ...

What does it mean when "Federal Reserve cut the federal funds and discount rates by a half-point each"?

They cut most of the rates they charge the banks, and that should eventually pass on some savings to consumers who borrow. But it will also lower the interest we get for savings accounts interest i...

Aargh! How do I deal with market frustration?

If you put money in mutual fund, why not let's the fund manager worry for you. Fact, a good funds alway recover from a correction such as this one. Just let it sit and give it some time. ...

I've got some cash that is just sitting in a savings account? What should I do with it?

Well, if you think you need it in several years, then, you can't put in retirement accont, you don't want to pay the penalty. But if you don't have a retirement account, you really s...