Best interest rates - CD/Market Market ?

[Nana2Callie]

Where to find the best/highest interest rates?

Thanks,

 

[ceecee]

Probably depends on your area and how much $ you have. I got a 3 year CD at 1% and our money market is just under that. Maybe consider an annuity? There are variables on that, depending on what you are trying to achieve.

 

[vacationer1954]

Annuities are also terribly anemic these days. As are T-bills and I Bonds and TIPS. If your principal is protected, then you can practically rely on the fact that you're going to be losing money against inflation. (Even inflation-protected investments have fees, taxes, and other costs associated with them that result in actually losing a little money against inflation.)

The best website for tracking the best rates that I've found is bankrate.com.

 

[dunningdisney]

try bankrate.com

 

[tvguy]

Annuities are also terribly anemic these days. As are T-bills and I Bonds and TIPS. If your principal is protected, then you can practically rely on the fact that you're going to be losing money against inflation. (Even inflation-protected investments have fees, taxes, and other costs associated with them that result in actually losing a little money against inflation.)

The best website for tracking the best rates that I've found is bankrate.com.

You can find a few major company annuities at 5%, which is a whole lot better than 1% on a CD. It ain't the 16% we were getting in the 1970's though.
I will point out that the CONSERVATIVE funds in my work 401k have returned 34% for the past 12 months, which really galls my coworkers who went with the aggressive funds that have only done 11% for the same time frame.

 

[vacationer1954]

You can find a few major company annuities at 5%, which is a whole lot better than 1% on a CD.

You cannot compare interest rates for annuities where you don't necessarily get all your principal back to CDs where you do and where the principal is guaranteed by the federal government. You need to check all the terms.