Wednesday, February 10, 2010

50 Ways to Improve Your Life

Put Your Cash Assets in Safer Accounts

Money market accounts and certificates of deposit balance safety and return

Posted December 18, 2008

When it comes to your cash assets, the last thing you want to worry about is risk. Bank products, such as money market accounts and certificates of deposit, currently strike the best balance between safety and return, says Greg McBride of Bankrate.com. Both types of accounts are covered by the Federal Deposit Insurance Corp., which guarantees up to $250,000 per person, per institution.

Today, the top-yielding bank money market accounts are paying 3.2 percent and higher (meanwhile, the top-yielding money market mutual fund yields 2.6 percent). With CDs, you trade access to the money for a fixed interest rate over a set period of time. Shop around for the best yields and you can get 4 percent or more on everything from one- to five-year CDs. Just be willing to lock up your cash.

Reader Comments

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Gold

I am with Jim Corbin on this one....Gold was at 600 last summer,,,,I also agree that gold will only continue to increase, as the dollar becomes weaker. I would also say that in the equity side, I would be looking strongly at Apple Inc. I believe it will continue to gain momentum as new products will continually to out glitter all others in the market. A strong bet!

Best interest rate this year.

Goid is up about 11% this year. I believe it may gain 3%-5% more by year end.

The more money Obama prints the better it gets.

He and his congress can make gold illegal, but I don't think they can devalue it

like they have the US$.

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From the Archive: 200 More Ways to Improve Your Life

200 more ways to improve your life

This is the fifth year U.S. News has offered tips for improving your life.

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