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What is a good safe way to achieve a 5% return on investment? |
What is a good safe way to achieve a 5% return on investment? in australia there is a bank called westpac. if u open a max-i-direct account linked with a savings account, u get 5.25% interest on any amount u deposit, the best part is that it is calculated daily and paid monthly. Depends on how much money you're investing. You can probably get a bond. Alot of CDs pay that much. This question doesn't have enough information. But, you could invest in CD's, and Government Savings bonds, that don't quite have this high a yield unless you have a high dollar CD, then maybe you can yield that much. Also on the side of that you can have your savings account and open a checking account that offers interest payments based on balance. Speak to a personal banker at your bank of choice and look at more options. Sigh, take your money and swap it with the euro or pound. Go to your local bank and invest in a CD they have return rates around 5%. CD's are currently doing about 4.2% across the board. We have a number of tax-free bonds doing about 4.8% and a number of corporate bonds yielding about 5.5% (some of them even insured). Also CMO's have been yielding in the upper 5's. |
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