Comments on: Finding Attractive Interest Rates in a Low-Yield Environment http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/ Helping a unique generation achieve financial independence. Thu, 09 Feb 2012 18:21:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Max http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-104771 Max Thu, 05 Feb 2009 02:49:02 +0000 http://genxfinance.com/?p=889#comment-104771 I would recommend Shorebank's High Yield Savings Account, which currently offers a 3.15% APY. They also target a lot of their investment to local communities, so your money not only earns more but also helps create jobs. I would recommend Shorebank’s High Yield Savings Account, which currently offers a 3.15% APY. They also target a lot of their investment to local communities, so your money not only earns more but also helps create jobs.

]]> By: pays to live green http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-104695 pays to live green Wed, 04 Feb 2009 15:29:11 +0000 http://genxfinance.com/?p=889#comment-104695 I own an HSBC savings account and the interest is at about 2.5 right now. They just lowered their rates as well. I agree with paying down any debt you have. It's better to do that first. The interest rates on any debt you own are mostly likely going to be higher than 2.5%. I own an HSBC savings account and the interest is at about 2.5 right now. They just lowered their rates as well. I agree with paying down any debt you have. It’s better to do that first. The interest rates on any debt you own are mostly likely going to be higher than 2.5%.

]]> By: Goran Web http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-104499 Goran Web Tue, 03 Feb 2009 09:24:06 +0000 http://genxfinance.com/?p=889#comment-104499 Thank you for the great advise. I'm currently working on settling my debts, I've drafted a few plans on how i'm going to pull it off, which includes a second income and proper budgeting. Such posts help me to improve my plan. Thank you for the great advise. I’m currently working on settling my debts, I’ve drafted a few plans on how i’m going to pull it off, which includes a second income and proper budgeting. Such posts help me to improve my plan.

]]> By: Ken http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-103630 Ken Tue, 27 Jan 2009 10:39:03 +0000 http://genxfinance.com/?p=889#comment-103630 I am an INGDirect customer. I was pleased with how easy it was to set it up. I recommend this strongly to folks who want to save in a separate account. I am an INGDirect customer. I was pleased with how easy it was to set it up. I recommend this strongly to folks who want to save in a separate account.

]]> By: richerandslimmer.com http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-103620 richerandslimmer.com Tue, 27 Jan 2009 08:23:53 +0000 http://genxfinance.com/?p=889#comment-103620 Another way you can make money off of credit cards if you have really good credit is to take a cash advance on your 0% credit cards, and then put the money in a saving account for as long as the 0% offer is valid. When the O% offer is up, take the money out of the savings account, return the amount you took from the credit card, and keep the interest you got from the bank. Another way you can make money off of credit cards if you have really good credit is to take a cash advance on your 0% credit cards, and then put the money in a saving account for as long as the 0% offer is valid. When the O% offer is up, take the money out of the savings account, return the amount you took from the credit card, and keep the interest you got from the bank.

]]> By: Terri http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-98418 Terri Tue, 23 Dec 2008 17:20:37 +0000 http://genxfinance.com/?p=889#comment-98418 FNBO Direct just lowered rates to 2.80%. They're feeling the pinch too. FNBO Direct just lowered rates to 2.80%. They’re feeling the pinch too.

]]> By: Mia http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-98300 Mia Tue, 23 Dec 2008 01:02:24 +0000 http://genxfinance.com/?p=889#comment-98300 Check out the reward checking accounts with rates as high as 6%. They have lists at Money-Rates.com and Bankrate.com. You have to do online banking to qualify. Check out the reward checking accounts with rates as high as 6%. They have lists at Money-Rates.com and Bankrate.com. You have to do online banking to qualify.

]]> By: Jeremy http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-98271 Jeremy Mon, 22 Dec 2008 19:45:02 +0000 http://genxfinance.com/?p=889#comment-98271 Diana, good call on the TIPS. I forgot to mention them, but I'd put them in the same category as CDs in terms of when they should be used, even though there is a secondary market for them that makes them more liquid. For most people with smaller amounts of money and a time horizon of one year or more, I-bonds might be another option, especially since the interest can be tax deferred until redemption. Good point and thanks for bringing this up. Diana, good call on the TIPS. I forgot to mention them, but I’d put them in the same category as CDs in terms of when they should be used, even though there is a secondary market for them that makes them more liquid. For most people with smaller amounts of money and a time horizon of one year or more, I-bonds might be another option, especially since the interest can be tax deferred until redemption.

Good point and thanks for bringing this up.

]]> By: Diana http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-98268 Diana Mon, 22 Dec 2008 19:26:55 +0000 http://genxfinance.com/?p=889#comment-98268 Should one consider TIPS as they are meant to keep up with inflation? Should one consider TIPS as they are meant to keep up with inflation?

]]> By: Webomatica http://genxfinance.com/finding-attractive-interest-rates-in-a-low-yield-environment/comment-page-1/#comment-98259 Webomatica Mon, 22 Dec 2008 16:57:00 +0000 http://genxfinance.com/?p=889#comment-98259 Great advice as usual, yet in the larger scheme of things, with those interest rates being so low, there is certainly a feeling that someone out there (ahem, the gov) is trying to get us to spend more money by making saving look unattractive :) Great advice as usual, yet in the larger scheme of things, with those interest rates being so low, there is certainly a feeling that someone out there (ahem, the gov) is trying to get us to spend more money by making saving look unattractive :)

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