Home All Categories Business & Investing Books Earn More on Your Savings Safely. ISBN13: 9780871315731. Earn More on Your Savings - Safely. More by John W. Seder. Getting it together;: Black businessmen in America.
Earn more on your savings-safely.
And, average returns range from . 8% to . 5% depending on which grade of borrower you lend to.
There are a few exceptions. Like 'simpler', 'narrower', 'quieter', and, in some instances, even 'cleverer'. Although, on a whole, the double 'er' ("erer") is just awkward. Quiet" doesn't have that problem.
Online banks have no branches, but they generally have lower fees and higher interest rates. Savings rates at online banks can reach upward of . % - compare that to the national savings average of . 0%. Switching a portion of your savings balance to an online bank will line your pocket with some extra cash.
Earn 4% on Your Savings. By Joan Goldwasser, Senior Reporter. If you're willing to take on more risk, consider a bank-loan fund. Fidelity Floating Rate High Income (FFRHX), with a current yield of . %, is once again an attractive place to store some cash now that we've seen the worst of the recession.
A second, and rather more traditional way, to earn more interest on your savings is to consider investing in the stock market. Historically stock market investing has been seen as risky, and when it’s done wrong it can be. Betting on single companies, for example, greatly increases your risk, as does investing for only short periods of time. Lastly, don’t assume that all savings vehicles are the same. Most countries have a range of products that make sense when you consider them from the perspective of taxation. While the interest rates offered may not be quite as exciting as some of the other opportunities outlined above, the way in which you pay no tax on earnings can make them surprisingly attractive. Whatever you do, don’t settle for the poor interest rates offered by most traditional banks at present.
is a measly . 6%, according to the latest data from the Federal Deposit Insurance Corporation (FDIC).