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| 3 Low Risk Methods to Make Up to 7.40% on Your Investments |
By:
Skyler Christensen |
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Checkout These New Ways to Get Top Yields:
1. 4.30% with Interest Checking:
Royal Banks of Missouri is paying 4.30%, but only on balances up to $25,000. Like other rewards checking requirements, in order to get the 4.30% you have to open an account at a {Missouri|local) branch, complete 10 qualifying debit purchases and one EFT transfer EACH MONTH - for the majority of investors that is too overwhelming.
2. Up to 7.4% at Bank Loan Mutual Funds:
Some of the best bank loan mutual funds for 2010 as stated by SmartMoney Magazine are: 7.4% at Nuveen Senior Income(NSL), 6.6% at ING Prime Rate Trust(PPR),and 4.4% at Fidelity Floating Rate High Income(FFRHX).
Please note that these funds are NOT Government insured, and include risks like: high price volatility, limited access to your money (you can only withdraw quarterly or once a month), and the underlying bank loans you are investing in are made to companies in trouble and the default rate on these types of loans is presently 9.10%.
The good news is these investments provide reliable income and will increase their yield as the economy rebounds and loan rates increase. Because bank loan mutual fund prices are still low, you're also likely to profit from capital appreciation as well.
3. 1.55%+ Money Market Accounts:
No Risk, FDIC Insured, keep up with inflation, and grant access to your cash anytime you need it. As the economy improves, rates on money market accounts will rise; even though the returns may not seem impressive right now, they're likely to rise this year.
Wise savers will make a habit to check money market rates at an internet site similar to RateCatcher to ensure they are earning the highest interest rates in the market.
Online, it only takes a few minutes to open an account; then you can be ready for the upcoming rate increases. So, build your savings fund without delay by applying for a online money market account today.
About the Author:
Skyler Christensen has earned a BSBA and writes about consumer banking at RateCatcher.
His mission is to increase investor's ROI while mitigating risk.
Savers will earn more interest on http://www.ratecatcher.com by dropping by RateCatcher.com now. |
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