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-   -   Money Best High Interest Savings Acct? (http://www.chiefsplanet.com/BB/showthread.php?t=268309)

The Bad Guy 12-31-2012 10:23 PM

Best High Interest Savings Acct?
 
My son is 3 years old. He already has over 5,000 in the bank. I just have him in a traditional savings account right now, but I wanted to start gaining more interest for the account.

What's the best account option right now?

He made a whopping 2.38 on the account this year.

Thanks in advance for any help.

Guru 12-31-2012 10:24 PM

fiscal cliff

HoneyBadger 12-31-2012 10:27 PM

Might wanna start investing in guns and ammo. Should yield a high return.

Fat Elvis 12-31-2012 10:29 PM

High Interest and Savings Account are currently mutually exclusive terms.

siberian khatru 12-31-2012 10:30 PM

Quote:

Originally Posted by Fat Elvis (Post 9262546)
High Interest and Savings Account are currently mutually exclusive terms.

Thanks, Ben Bernanke!

DaFace 12-31-2012 10:31 PM

ING isn't bad, but it still sucks. Maybe a CD?

HoneyBadger 12-31-2012 10:32 PM

Quote:

Originally Posted by DaFace (Post 9262551)
Maybe a CD?

No one buys CDs anymore. I'd avoid them.

siberian khatru 12-31-2012 10:33 PM

Quote:

Originally Posted by HoneyBadger (Post 9262558)
No one buys CDs anymore. I'd avoid them.

Yep, most people download music today.

TribalElder 12-31-2012 10:36 PM

mp3 yo

Kyle DeLexus 12-31-2012 10:47 PM

CD rates are garbage right now. The best savings account interest rate I know about is smartypig.com at 1%. That's only slightly lower than most High Interest Checking accounts at the moment and you don't have to meet any requirements that I know of.

ragedogg69 12-31-2012 10:58 PM

ill just leave this here:

http://www.fatwallet.com/forums/finance/1234357/

jspchief 12-31-2012 11:37 PM

Quote:

Originally Posted by Kyle DeLexus (Post 9262600)
CD rates are garbage right now. The best savings account interest rate I know about is smartypig.com at 1%. That's only slightly lower than most High Interest Checking accounts at the moment and you don't have to meet any requirements that I know of.

Smartypig.com

Sounds like a place to entrust your money.

Valiant 12-31-2012 11:43 PM

http://www.mazuma.org/rates.php?tab_index=1

CoMoChief 12-31-2012 11:49 PM

Invest in gold/silver and commodities.

You'll be sorry if you just let it sit in a damn bank account and collect interest. The money collapse WILL come, it's now if, it's a matter of when.

cosmo20002 01-01-2013 12:19 AM

Quote:

Originally Posted by The Bad Guy (Post 9262510)
My son is 3 years old. He already has over 5,000 in the bank. I just have him in a traditional savings account right now, but I wanted to start gaining more interest for the account.

What's the best account option right now?

He made a whopping 2.38 on the account this year.

Thanks in advance for any help.

What's the money for? If it is for college, put it in 529 plan.


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