I've been running on autopilot waaaay too long, finally looked at my savings account and it's paying a whopping 0.5%! Yeeks! For like 3 years I hadn't noticed that! Double yeeks!
So if you had $2000 that you were willing to have tied up for 2 - 3 years, where would you put it for the safest investment with the highest rates?
Full Version: If You Had $2,000
QUOTE(waterlili @ Jun 19 2006, 08:56 PM) 
I've been running on autopilot waaaay too long, finally looked at my savings account and it's paying a whopping 0.5%! Yeeks! For like 3 years I hadn't noticed that! Double yeeks!
So if you had $2000 that you were willing to have tied up for 2 - 3 years, where would you put it for the safest investment with the highest rates?
So if you had $2000 that you were willing to have tied up for 2 - 3 years, where would you put it for the safest investment with the highest rates?
I dunno but you definitely need to get it out of that wimpy savings account that is not paying anything. Even putting it into HSBC or ING would be a better investment.
You probably want to avoid the stock market since you want a safe investment. Have you considered TBills or Bonds?
Do you want to invest long or short term? How liquid do you want the money to be? Is this an emergency fund? 
QUOTE(Marty716 @ Jun 19 2006, 08:34 PM)
Do you want to invest long or short term? How liquid do you want the money to be? Is this an emergency fund?
About two years. It can be tied up. No, it's not an emergency fund.
2 years really isn't long enough for the market, a CD or online savings is a good bet.
ING Direct is offering 5.25 on a 24 month CD. Think I can do better than that, or should I grab it?
If you want a safe investment put it into a Certificate of Deposit [CD].
QUOTE(waterlili @ Jun 19 2006, 07:56 PM)
I've been running on autopilot waaaay too long, finally looked at my savings account and it's paying a whopping 0.5%! Yeeks! For like 3 years I hadn't noticed that! Double yeeks!
So if you had $2000 that you were willing to have tied up for 2 - 3 years, where would you put it for the safest investment with the highest rates?
So if you had $2000 that you were willing to have tied up for 2 - 3 years, where would you put it for the safest investment with the highest rates?
DO YOU OWE ANY MONEY???
CREDIT CARDS???
LOANS???
WHAT APR???
WHAT IS YOUR RETURN ON THE "INVESTMENT"
DO YOU GAIN or LOSE???
2 years is short term.
I would not gamble it away on stocks or chance investments.
BBQ is right on, drop it in a good paying 24 month CD.
I would not gamble it away on stocks or chance investments.
BBQ is right on, drop it in a good paying 24 month CD.
QUOTE(GEORGE @ Jun 19 2006, 11:35 PM)
QUOTE(waterlili @ Jun 19 2006, 07:56 PM)
I've been running on autopilot waaaay too long, finally looked at my savings account and it's paying a whopping 0.5%! Yeeks! For like 3 years I hadn't noticed that! Double yeeks!
So if you had $2000 that you were willing to have tied up for 2 - 3 years, where would you put it for the safest investment with the highest rates?
DO YOU OWE ANY MONEY???
CREDIT CARDS???
LOANS???
WHAT APR???
WHAT IS YOUR RETURN ON THE "INVESTMENT"
DO YOU GAIN or LOSE???
Nope, don't owe money except to the mortgage company. APR is around 6% I think.
Have credit cards, don't carry a balance.
QUOTE(waterlili @ Jun 19 2006, 11:42 PM)
ING Direct is offering 5.25 on a 24 month CD. Think I can do better than that, or should I grab it?
Everbank is at 5.46% for 2yr cds.
Link: http://www.everbank.com/main.asp?IDPage=hm..._idpage=hme_rts
options
QUOTE(artglazz @ Jun 20 2006, 01:46 PM)
QUOTE(waterlili @ Jun 19 2006, 11:42 PM)
ING Direct is offering 5.25 on a 24 month CD. Think I can do better than that, or should I grab it?
Everbank is at 5.46% for 2yr cds.
Link: http://www.everbank.com/main.asp?IDPage=hm..._idpage=hme_rts
Oooh, thanks! Does everbank have a referral program like ING?
QUOTE(waterlili @ Jun 20 2006, 08:32 PM)
QUOTE(artglazz @ Jun 20 2006, 01:46 PM)
QUOTE(waterlili @ Jun 19 2006, 11:42 PM)
ING Direct is offering 5.25 on a 24 month CD. Think I can do better than that, or should I grab it?
Everbank is at 5.46% for 2yr cds.
Link: http://www.everbank.com/main.asp?IDPage=hm..._idpage=hme_rts
Oooh, thanks! Does everbank have a referral program like ING?
No, I don't believe so.
I would invest in myself. I have appreciated every year since my birth......
personally, with the fed about to raise rates again I would hold off on any long term (2 year) CD's for a bit.
HSBC is at 4.80 right now for online savings... I would put it there (HSBCdirect.com) or Emigrantdirect or wherever had the highest rate, then shop after August's Fed meeting.
HSBC is at 4.80 right now for online savings... I would put it there (HSBCdirect.com) or Emigrantdirect or wherever had the highest rate, then shop after August's Fed meeting.
fidelty is offering 5.4% for 12 month CDs.
QUOTE(hegemony @ Jun 23 2006, 03:39 PM)
fidelty is offering 5.4% for 12 month CDs.
I'm having a problem finding the right Fidelity bank. One that has the highest rates doesn't seem to be an online bank. and the other is only offering 3.25 for 12 months. Do you have a link, please?
Sabbath999, thanks for the info about the possible rate hike. I don't keep up with stuff like that at all, so that's great info for me.
QUOTE(waterlili @ Jun 24 2006, 07:57 AM)
QUOTE(hegemony @ Jun 23 2006, 03:39 PM)
fidelty is offering 5.4% for 12 month CDs.
I'm having a problem finding the right Fidelity bank. One that has the highest rates doesn't seem to be an online bank. and the other is only offering 3.25 for 12 months. Do you have a link, please?
Sabbath999, thanks for the info about the possible rate hike. I don't keep up with stuff like that at all, so that's great info for me.
http://personal.fidelity.com/products/fixe...p=pr&ut=A51
I read the teaser page and assumed it was fidelity itself issuing the CDs. they are simply the selling agent. The 5.4% APY is available from three companies. IIWY, I'd buy directly from them.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.