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Kenj | Any 1 know of a bank that offers a savings account with a 12% average annual return? |
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George
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holy ****
please.. 12% for savings account? you got to be kidding me? make sure it's legit company and it won't go under
I've seen 4.15% from ING, 4.65% from HSBC, and 4.75% from Citibank |
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Frank Castle
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The best bank rate is currently 4.65% by HSBC.
Some Companies offer more. I know a company currently offering 9.60% but 12% is just impossible.
For that you need to invest in ETFs, Mutual Funds, Hedge Funds, Stocks, Futures, Options or Commodities.
Top 3 Answerer in Business & Finance. (Vote for me) |
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wjohns3
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The best out there at this very moment is HSBC, new online accounts yield about 4.8%. ING direct also does around 4.15%. TO get 12%, you'll be assuming more risk. No savings account will give you that. You would need to invest in stock, junk bonds, reit's, etc. |
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Dax
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I don't know any banks. You will not find any stable, FDIC-insured bank in the states giving you that return. I know in some countries such as India they offer 7-8%, but then their laws are different for regulating banks.
You need to get into stocks or some other investments. You could also seek out a company that does private investments such as dnainvestments.com |
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changeling
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try a quarter of a %.Savings accounts don't earn much interest-try a c.d. |
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Arbitrage
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Not in the US for a regular savings account. You can probably find that kind of rate in emerging market countries, but you'll lose a ton on the inflation, so it works out to be about the same or worse.
Savings accounts are around 3-4% for large money markets. |
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vegas_iwish
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of course not. have to accept risk to get that. This is not 1980-81 when Treasuries were 15% & prime 21%. Do the work. |
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arthur s
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How old are you? |
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Gold_mine
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I didn't heard any. The best % rate is offered by HSBC |
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