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HELP PLEASE111111111?
How can I get more than a C.D.rate of 3.5 to 4% on my money?
Are there SAFE places to earn more?
3 Answers
- 1 decade agoFavorite Answer
Try hsbc direct. It is internet bank of multi billion dollar HSBC bank they pay 3.5%. It is normal savings account with no CD type restrictions.
Most important, deposits are FDIC insured upto $ 100,000 per customer (If bank goes bankrupt, Federal reserve bank will make the payment ). So pretty safe.
www.hsbcdirect.com
- iluv2tradestksLv 61 decade ago
3.5%-4% are good rates these days. You can go to a stock brokerage house and buy what is called commercial money. Walk into Fidelity or Oppenheimer, Wachovia etc. Ask to speak to a broker. I don't believe there is any charge to buy commercial money. Commercial money is interest a company will pay you to use your money. eg GM (general motors) is paying 8% BUT the company is in bad shape and has a low quality rating. Your broker will help you and tell you what is available.
- Anonymous1 decade ago
Not really. If there were, everyone would invest in them and the yield would drop like a rock!
