I have about 1000 dollars to deposit in though I dont wish to put it in the repair rated cd account… since the seductiveness rate is to low for me. I have been receiving the demeanour during the Market Rate CDs as well as this seems similar to what I am seeking for. I am seeking for something I can deposit 1000 dollars into, which has an normal seductiveness rate of 10 percent or aloft as well as is additionally FDIC insured.
Any suggestions/recommendations?
If we have invested in to the Market Rate CDs how most distinction did we make?
ok, I have seen places which garantee your principal investment behind only not any enlarge in your money. That is what I am seeking for, if we have any know where I can take the demeanour during this leave me the link
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Interest rates of 10%, well I’d like to find them. Didn’t know they were still selling money market CD’s. Some of us lost money in money market CD’s in that we’d failed to realize an increase in value when they were sold. Before you invest check the internet and ask questions and READ THE FINE PRINT.
Forget 10% return !
No bank will guaranty that !
Wamu Bank & Bank of America have decent offers.( on CD )
You`ll recieve about 5.25 % annually …but -
Don`t lock it for more than 6-7 months ! Interest rates may be still going higher !
You could than re-invest !
A Penny saved is……..
Market Rate CDs are FDIC insured yes. But, there is no guaranty that you will make any money. It matches the market performance which can be positive or negative. FDIC only means if the bank goes out of business, the government will cover your loses up to $100k per account per bank.
There are no guarantied rates at 10%. The best CDs at a year are around 5.5%. That is as good as it gets without any risk. Check bankrate.com.
The market on average is 8%. So it would be impossible for anyone to guaranty anything over that. Most mutual funds have a hard time matching market average. If you could find 10% nobody would invest in the market.
If you find a place that will guarantee 10%, please let me know about it.
Why put money in a CD at 5% when you can stick it in a online savings account like ING Direct for about the same return?
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