1% is not cutting it anymore .
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and you are taxed on itComment -
Tell me about it, absolutely ridiculous
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Moving it back into the market Citi looks ready for a popOriginally posted by DOMINATERComment -
The ******** card has a savings account giving 5% which I think is awsome for todays rate but you do have to be a premier member to qualify for it...
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Im getting 9cent per every 550 dollars not cutting it .Originally posted by ShamsWoof10The ******** card has a savings account giving 5% which I think is awsome for todays rate but you do have to be a premier member to qualify for it...
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You mean prevailing interest rate on a savings account? The savings rate is an important economic indicator that measures the rate at which Americans save (versus spend) their money. It is near all time highs.
Assuming you mean interest rate on your account you should have a high yield internet savings account yielding around 1.3%. If you have free capital that you can lock up and you don't want it at risk, you should ladder it in CDs.Comment -
when jimmy carter was in office in the 70's I sold two house the one I lived in for 49,000 dollars and the first house we ever had I bought it was I was 18 sold it for $34 ,000 ended with about $ 78000 dollars . Why ? JIMMY CARTER blew the interest up to nearly 18 percent 14,000 ayear in interest and the following year with compounded interest $110,000 and the third year was 130,000 that was a 36 month c.d. so just interest alone was over a 50,000 dollar profit, the gold and silver was out of sight . that was the first time in my life , I had really made some money above board.Comment -
Everyday I go to work I look at the banks savings deposits numbers our branch alone took 7Million cash and 2 million in hot money today.Comment -
Banks taking advantage of sloping yield curve preferred bank shares have turned a really nice profit for me.Comment
