My daughter has $5000.00 in a savings and gets only 1% interest, would a bond be better?
Answers: Consider the Vanguard Prime Money Market Fund with a current compound yield of ~4.45% APR.
https://flagship.vanguard.com/VGApp/hnw/...
Sometimes other institutions will have a higher teaser rate, but Vanguard tends to have the highest yields I've found over the long run. (Vanguard money markets are not FDIC insured, however.)
Article on teaser rates:
http://www.marketwatch.com/news/story/ba...
Bankrate.com provides links to CD's with high interest rates as well as high interest rate banks.
http://www.bankrate.com/
http://www.bankrate.com/brm/rate/deposit...
ING and HSBC often have rates close to Vanguard, and most of their products are FDIC insured. You can check these at the following links:
http://home.ingdirect.com/open/open.asp
http://www.us.hsbc.com/1/2/3/personal/sa...
(If she is investing for a long period of time and is willing to accept some volatility, she should consider putting some money into no-load low-expense mutual funds. These are not guaranteed, but over the long run produce much higher returns.)
throwing it up in the air and catching it would prob. gain you more interest than that
check out www.bankrate.com
are you sure you can get bonds that cheap??
a long term investment always has a higher rate then a bond
...try online credit unions, they offer the highest return ive seen.
I don't know a lot about bonds.and you didn't say how old your daughter is.if she's soon to need it for a car or college, be careful about penalties for withdrawing from some financial services.
You can try a higher interest savings account like the Orange Account from ING direct. Go to www.ingdirect.com
I don't think that's been lower than 3% and it has been as high as 4.5% over the 5+ years or so I've had mine. Plus, you have access to the funds through electronic transfer. It does take a couple of days, though.
honestly, if you need guarenteed return, you need a money market account or a cd. but historically since she is young and has a long time to work with the money,, the stock market is the best return for money in the long run.. Stocks return an average of 10% a year. you can do even better if you are in the right stocks,, you should check out a site like www.thewallstreethunter.com for some good market information and excellent stock commentary.
Good luck
Investment Question??
Mario invests $4000 in bonds paying 11 1/2 % interest and $5000 contained by bank accounts paying 9.1% interest. Which investment yield more interest in one year and how much more?the answer can be
1) Bank yield $10 more interest.
2) Bank yields $25 more interest.
3) Bonds verbs $5 more interest.
4) Bonds yield $25 more interest.
Answers: 3) Bonds let go $5 more interest.
Bonds yield $460
Account yield $455today someone said Time for Meg Whitman to Step Down Resign Retire is it time what is your answer and are you a ebay buyer/seller
Answers: Whitman has already stepped down, in actual fact and the new boss of eBay is John Donahoe. She leaves March 31
http://www.mercurynews.com/news/ci_80630...
http://ap.G00GLE.com/article/ALeqM5gNAF6...
Can you please oblige me take to mean stocks and investing?
i just want to grasp stocks and investment and all that fitting stuff. im only 15, but self still like to own an understanding of it so as soon as i acquire some money i would know how to smartly deal beside it.Answers: Here are some helpful websites. Investing is fundamentally complicated and will take greatly of research on your part. Good luck!
http://www.geocities.com/kenandkindi/
http://money.howstuffworks.com/stock.htm
Here is a knit to a free stock investing simulator where you can try your appendage at investing without the risk of losing any money (have fun next to it!):
http://simulator.investopedia.com/home.a...
Read Investors Chronicle Beginers Guide to Investment
We have started a beginners corner on our website. Please enjoy a look and send surrounded by some questions http://www.shareworld.co.uk/beginners.ht...
if you want the ground rules go to your local bookstore and they should hold an array of investment "how-to's" such as "investing for dummies", or stuff about mutual funds etc... Just ask the bookstore relations and they'll be very bright and breezy to help you out.