Make Your Money Work For You

Earn From The Best Interest Rates

Bank interest rates have been falling and have now reached an all time low.  However, you can still put your money to work with the best interest rates offered.  Please review the section mark “DIY Performance Investment Top Picks” to see the latest “High Interest Savings” picks.

DIY Performance Investment Top Picks

Compare Funds

Ing – Orange Electric Over 100K 1.65%

TD Bank – 5 Yr CD 3.00%

Interest rates and products are subject to change at anytime.  Check back often to see the latest DIY Performance Investment Top Picks and compare funds you have invested.

Compare Mutual Funds

What is a mutual fund is typically managed by a group of financial professionals.  These mutual fund professionals pools funds from many investors and invest the money into many investments. Mutual fund investments can include: Stocks, Bonds, Money Markets Accounts and other investment sources.

You can also invest in Index Funds like QQQQ which is the index for the Nasqad.

Below are some examples how your money can work for you!

Let’s take the highest CD Interest Rate which is being offered by TD Bank.  It’s a 5 yr CD at 3.00% interest rate.  If you invested a principle amount of $15,000 at the maturity date you will receive $2250; which is $450 (monthly interest) payable at the end of the term.

The less risk or restrictions you expose your financial investments too, the less interest income you will make.  In order, below is a list of Interest Rates payouts products:

• Savings (Interest Account)
• Checking (Interest Account)
• Money Markets (Interest Account)
• CD (Certificates of Deposits) – Interest Account

Savings Account – Savings accounts typically do not have many restrictions and there is no risk as long as your account(s) remain under the FDIC secured limits.  Savings accounts usually pay the smallest percentage of interest.

Checking Account – As with savings accounts, checking accounts have very little restrictions.  However, some checking accounts that accrue interest may require a minimum balance.  Checking accounts also have very low interest rates.

Money Market Account – Money Market Accounts have restrictions.  Many Money Market Accounts require a minimum balance and restrict how many checks you can write in a month.  However, most of these restrictions can be broken but not without penalties.  Money Market Accounts have a higher interest rate than savings and checking accounts mainly because of the restrictions.  There is really not risk as long as your account balance remains under the FDIC secured amount.

Certificates of Deposits – CD (Certificates of Deposits) typically pay the highest percent of interest.  CD’s have time restrictions that are set when you purchase a CD.  Because the bank knows it has your principle balance for a period of duration, it is willing to payout a higher interest rate.  CD’s are also protected by the FDIC.

What is a CD (Certificates of Deposits)

What are your best performing high yield interest accounts?

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